1. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    The appropriate time to drop disability insurance is when you and your loved ones are no longer dependent upon your income. This means you have built a nice nest egg or an ongoing residual income to last until your retirement income starts. Otherwise you should keep your disability coverage in place if you are still dependent upon your ability to work for your income.
    Answered on July 19, 2014
  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The risk of becoming disabled increases as we grow older, so disability insurance can be even more valuable as you age. Granted, you may no longer have children at home, but most people depend on their paycheck to pay bills or meet financial goals, regardless of how old they are. There really is no reason to drop it until you have to (i.e. no longer earning a paycheck).
    Answered on August 4, 2014
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