You have protected your other assets, but have you protected the asset that makes the other assets possible? Long-term disability income coverage provides benefits in the event you get sick or hurt and are unable to work. Because you pay the premium with after-tax dollars, the benefits are generally income tax-free, and may continue until you return to work or until age 65. Discounts may be available.

The cost of a long-term disability policy depends on the product features you choose; your age, gender, health status, and profession; and, for some long-term disability carriers, your employment and commission history.