Health and Life Insurance

Answer: C - When determining disability income needs, mortgage refinancing is not something that is typically a consideration. Considerations for disability income needs should include: minimum income needed; retirement plan maintenance; total needs accounting for social security and workers compensation if applicable; and long-term disability coverage for occupational and non-occupational sickness or injury. If the ability to work is jeopardized, the family’s future needs to be assessed with these considerations for disability income needs. As disability occurs when least expected, realistic financial plans should be made in advance to assist the family through difficult times.