alt Hacker NewsIf you read this article and feel worried about your financial situation if you become disabled, you might look into long-term disability insurance (LTD).
It's a policy where, if you become disabled to the point where you can't work, it pays out $X per month, every year until you're 65. And if you're partly disabled and have to cut back your hours, some policies compensate you for those lost wages.
These LTD policies are expensive, but they DO give you peace of mind about this possibility.
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Except mental health conditions in these plans seem limited to 2 years. For all the talk of mental health is health, this seems to run directly counter to that.
don't forget the legal costs insurance to pay the lawyer making the LTD insurance actually pay and a second legal costs insurance to pay the lawyer suing the primary LCI as they will likely claim that case isn't covered by their policy.
Wouldn't it be marvelous if these were mandatory and paid by state with huge scale benefits ?