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If an individual plans to work to age 70 is it worth keeping disability insurance after age 62 if it only pays to age 65 or not less than 5 years?
Wiki User
∙ 17y ago
If you have adequate funds set aside to retire today or pay your monthly bills without continued income today than no, you don't need to keep it. Keep in mind that the older you get the more likely you will need the protection. Drop it today, get diagnosed with cancer tomorrow. Murphy's Law. Besides, if you opted for the money back rider you will get all your money back anyway....you did opt for the money back rider didn't you? If it is a toss up between keeping the DI and buying LTCi, then the answer is drop the DI to free up the premiums to pay for the LTCi. 4lifeguild
Wiki User
∙ 17y ago
It depends on the specific terms and cost of the disability insurance policy. If the premiums are reasonable and the coverage provides significant financial protection in case of disability, it may be worth maintaining the policy until age 65. However, if the premiums are high or the coverage is limited, it may be more cost-effective to cancel the policy and explore other options for protecting against disability risks.
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Where can one purchase life insurance for the elderly?
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Where can one find information on qualified retirement plans?
Any individual can log online and find their local banks depending on their geographical location. Typically, all banks or at least the major ones per respective area have information online and at their locations on qualified retirement plans. It is best to go in person to talk to a representative or have it explained over the phone for maximum understanding of the retirement plans that best suits the inquiring individual.
What kind of retirement plan do they get?
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How can one apply for a long term care insurance premiums?
To apply for long-term care insurance premiums, you can start by researching different insurance providers and policies to find the coverage that suits your needs. Then, contact the insurance company directly or visit their website to request an application form. Fill out the application form with accurate information about your health, age, and desired coverage. The insurance company will review your application and provide you with a quote for the premiums based on their evaluation of your risk factors.
What type of retirement plans does ING offer?
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Companies that have Disability insurance?
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Does humana insurance offer individual plans?
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Do you have to apply for Social Security Disability when you start getting Long Term Disability from your employer?
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Is there state administered Short term disability insurance in the state of Ohio?
Ohio does not have a state mandated short term disability program. The amount you can claim will depend on your individual policy details. Your policy should provide this information.
How do you compare family health insurance plans online?
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