Disability Insurance Alternatives:
Social Security tries to use the Roman style of law where you must prove your
total and permanent impairment or disability. Other possible sources of assistance may include:
- Spouse's Income: They might only make part of what you make
- Bank savings: Bank savings may be very limited
- Workers' Comp: Does not cover illness or off-the-job injuries
- Borrowing: Banks won’t lend to the unemployed
- Retirement: Can force you to work longer
- State DI: Will pay you about $338 a week for 52 weeks (CA)
- Relatives: May have very limited resources or income
- Sick leave: Usually only last a few weeks
- Civil service pay: Only for government workers
- Black lung program: Only available if you’re a miner
- Group union coverage: Only if you’re in one
- Credit disability insurance: Only pays your monthly balance
- Auto insurance: Only arising from an auto accident
- Supplemental Security Income: Only if you’re impoverished
- Veterans disability benefits: Only if you’re a veteran
Do You Have Enough Disability Insurance Coverage?
| Expenses | |
-Assistance & Insurance | |
-Investment income | |
=Benefit needed. |
|
