At Dedicated Financial Services we always assess the need for insurance before determining how much coverage is necessary or which type of insurance one should put in place.
Long term care is extremely expensive.
Fortunately there are many ways to insure your family against this risk. Insurance to protect you and your family may or may not be the right thing for your situation
Some questions to consider whether or not protection makes sense for you:
Disability insurance will protect your income in the event you become disabled and are not able to continue working.
In most cases the least expensive way to obtain this type of protection is through an employer group plan. Plans may include a short term or long term disability option or both.
What this protection will cost is dependent on a number of factors such as; your income level, the job position and duties performed, and more. There also may be tax implications which will vary depending on how the policy is paid for.
To find out if a disability insurance policy is right for you contact us: