Are you a member of any professional group? Many of these offer group LTD at good rates. For instance, as a member of ASME, I get 60% LTD at about $30 a month + dues (I keep my membership just to get the LTD). Also, remember that if you pay for your own LTD after-tax the payout would not be taxable, so you would not need as much as if you get it through your employer.
I don't know how much your AD&D insurance costs, but I have heard some financial experts recommend dropping that and just getting term life insurance. If the cost is low, then it's probably worth keeping, but you should look at the tradeoff. Term life is very cheap.
Last edited by noppenbd : 03-26-2008 at 09:42 AM.
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