Newlyweds: Disability Insurance

The primary wage earning spouse should get coverage, while they still can
Insure your non wage earning spouse to compensate for loss of their services
It will usually cost 2% of gross income for men, and 4% for women
If you can't afford the premiums, consider a critical illness policy
Companies will only give you 60-67% of your gross income
Disability riders on a life policy are not disability insurance, but simply pay your life insurance premium if you get injured, nothing else
Make sure you get own occupation coverage, that pays if you can't perform your current job
Accidental death & dismemberment insurance is not disability coverage

If you already have a policy:

Getting at least two quotes from an Independent Agent
Finding out if you can get into a group plan
Buying only enough to pay your major bills
Getting a 90 day waiting period or longer
Lock in guaranteed premiums
Giving an accurate assesment of your health
Making sure two disability policies don't offset, where only one will pay
Buying enough to cover 5+ years (the average long term disability)
Getting as much as you need now, you won't be getting any younger
Avoiding the return of premiums rider, it will double your premium now and only give a percentage of your money back later
Paying your premiums annually
Not getting a policy where you have to be totally disabled

Annual expenses

-Assistance & insurance

-Annual investment income

=Annual disability benefit needed.