When is the right time to get long-term disability insurance?

Published April 22, 2015

If you need it, then right now! It will never be cheaper for you than it is right now because the cost of long-term disability insurance increases with age (because the risk of disability also increases with age). If you're in good health, you should easily qualify for a policy - and can lock in better rates at this age with a non-cancelable policy. Usually, people think about disability insurance after their health takes a turn. But that's often too late.If your health declines, you may no longer be insurable at an affordable premium.

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