How to Insure Your Income: Long-Term Care & Life Insurance as Income Protection Introduction

Many kinds of insurance provide some level of disability income coverage as a secondary or optional benefit. Other kinds of insurance offer you protection against big expenses -- thus, they indirectly protect your existing sources of income.

If you're skeptical about buying disability income insurance, you may want to look at the other kinds of insurance you may have for some degree of coverage. Long-term care insurance and life insurance -- both common coverages -- can be set up to provide optional or indirect income insurance.

In this chapter, we'll consider how you can use these other kinds of insurance to protect your income.