How great would it be to have combination disability, retirement savings, and life insurance as one product.

Disability insurance is deductable, so it is unlimited by ERISA rules. Part of the premium would be for the disability/life insurance, the rest to reduce the risk to the insurer when you can't afford the insurance rates.

If you make it to retirement, you have savings.If you get disabled, you are able to have money to live.If you die, your family can replace your income.

There would be a benefit, because if you die, then you won't be disabled so the insurance company can charge less.

Anyone can participate in the plan and can take advantage of higher earning years to put more money into the plan.

The returns can be based on an asset allocation using an age based model to take the risk of bad portfolio design out.

The plan can be borrowed against for housing purchases, but would be exempt from creditors.

What do you think of this idea or comment?
(You can change your vote at any time)

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