What Basics Do I Need To Know About Disability Insurance?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   The #1 thing you need to know about disability insurance is that it is paycheck protection in times of prolonged sickness and injury. You need to select an elimination period. Most Americans have 90 days in cash reserves, so a 90 day elimination period is a consideration. When claims are filled and the elimination period satisfied, the benefits are paid tax free.

   Answered on August 6, 2013

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