Ramp Up Your Disability Insurance Coverage
Make sure you have enough disability insurance so that you and your family could continue to pay the bills if your income were to stop. Disability insurance through work is a good start. But group disability insurance generally covers only 60% of your income (not counting commissions and bonuses), and monthly benefits may be capped at $5,000. Plus, payouts are taxable if your employer pays the premiums. You may need to buy extra coverage on your own.
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