Disability Insurance – The shield to protect your future earning power.

Disability insurance provides some of your lost income if you become unable to work because of an illness or injury. It can be short-term or long-term, and it can cover disabilities that are related to or not related to work.

Is it important?

Disability insurance is important because if you get sick or hurt and can’t work, it can help you keep your finances in order. This may be very important if you have a family to take care of or a lot of debt, like a mortgage or student loans.

When you get it, it can help pay for things like your mortgage, rent, food, and utilities. Having it can also help you pay your medical bills and other costs connected to your disability.

Types of disability insurance

There are two main types:

  • Short-term disability insurance: Most of the time, this kind of insurance covers you for three to six months. You can use it to help pay your bills while you’re getting better from a short-term illness or injury.
  • Long-term disability insurance: This kind of insurance will protect you for at least two years. Its purpose is to help you keep your financial stability if you become permanently disabled and can’t work for a long time.

Benefits of disability insurance

Here are some of the benefits of having disability insurance:

  • Financial security: If you get sick or hurt and can’t work, it can help you keep your financial security. It may be very important to do this if you have a family or a lot of debt.
  • Peace of mind: Having it can give you and your family peace of mind that you will be taken care of financially if you become disabled.
  • Flexibility: It is flexible enough to fit your needs. You can pick the amount of coverage you want, the length of time you get benefits, and the gap between benefits.

Where to buy it?

You can buy one from an insurance company or from an insurance agent. Look at policies from several companies side by side to find the best one for your needs.