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Long-term Disability


Select a policy that pays full benefits if you're unable to work in your chosen profession. Buy enough either privately or combined with an employer's policy to replace 60% of your income. The policy should pay benefits for five years -- or better yet, up to full retirement age, when you will be eligible for Social Security as well as retirement benefits.


Bottom Line/Personal interviewed Paul J. Mauro, CLU, ChFC, managing partner of Legacy Financial Advisors, Inc., in Milford, Massachusetts. He has been advising clients on insurance and other financial planning needs for 31 years. http://www.123lpn.com/pmauro/