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Ask Dave

More Insurance Than Just Insurance

Which types of supplemental insurance are the best ones ... and which are just gimmicks?

QUESTION: Listener asks if supplemental insurance makes good sense. Some types, according to Dave.

ANSWER: I like some of it, but not all. People who sell those types of products in corporate America sell things like short-term disability insurance. I would not do that. I wouldn’t buy cancer insurance either. They also sell good stuff like long-term disability insurance. I would do that. You can also buy types of insurance that supplement your income if you become permanently disabled, but beware of what’s out there.