When do you reduce or stop disability insurance coverage
I am almost 63 yrs old and plan retirement next five to ten years, one child still in college for three more years, have enough to retire including three years of my son's college, no LTC insurance (too expensive - prexisting medical problem) and will be eligible for reduced SS benefits in a few months. Health is reasonable. The cost of the insurance is reasonable and not an issue. What factors do I need to consider to reduce or eliminate DI insurance.
I would like the thread to be a more general discussion on what factors to consider to stop or reduce DI rather than my circumstances. Thanks in advance for your inputs.
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