Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Tips on Buying Insurance

By Ben Steverman - 2011-09-14T20:16:16Z

Getty Image

Company Symbol % Change
Berkshire Hathaway Inc BRK/A:US -0.21
12 of 22

Get Disability Insurance

Disability insurance replaces income lost if you can't work, and it's a necessity for most people, University of Texas's Kitt says. Workers are far more likely to become disabled than they are to die early. Many companies already provide short-term disability policies that usually cover two-thirds of employees' salaries. If you're forced to buy your own individual policy, it will probably cost more than a group policy, but you won't lose it if you leave your company, and the benefits won't be taxed. Disabled workers' insurance payments will generally be reduced if they receive other income, such as pension payouts or Social Security disability payments.

Source:
Advertisement