hard · Certified Financial Planner Investment Planning
Arthur Fenwick has an employer-provided group long-term disability (LTD) policy that covers 50% of his salary. He is considering purchasing an individual LTD policy to cover the remaining 50%.
According to Heuristic H3 (Exhaust the Free), what should the planner investigate before recommending the purchase?
- The 2026 standard deduction for a single filer.
- A referral to a property and casualty agent for umbrella coverage.
- Availability of an employer-paid 'buy-up' option or supplemental group coverage.
- The client's eligibility for Social Security Disability Insurance (SSDI) benefits.
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