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 This
coverage pays you
if you should become
incapacitated and unable to work for a period of time.
If you are self-employed
your livelihood depends entirely on your ability to work and to
create wealth. That is why, self-employed individuals should consider
disability coverage. Unfortunately, it is often overlooked.
Long-term disability insurance protects
you and your business from loss resulting from a disability that
lasts longer than 90 days. Experts say that you should be prepared
to pay about 3% of your after-tax income for a policy that provides
you coverage until age 65. But, because the large majority of
long-term disabilities are not permanent, you may want to save
money by limiting your policy to a certain number of years.
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