Disability insurance provides a financial safety net if you’re unable to work due to illness or injury. While often overlooked, this coverage is crucial for protecting your income and financial stability.
What Disability Insurance Covers
- Short-Term Disability: Replaces income for temporary conditions, like recovery from surgery.
- Long-Term Disability: Provides benefits for extended periods, potentially until retirement.
Benefits of Disability Insurance
- Income Replacement: Covers a percentage of your salary, ensuring you can pay bills and meet financial obligations.
- Peace of Mind: Protects against the financial impact of unexpected health issues.
- Flexibility: Policies can be customized to suit your income and lifestyle needs.
Who Needs Disability Insurance?
- Working Professionals: Anyone reliant on their income to cover expenses.
- Self-Employed Individuals: Ensures income protection without relying on employer benefits.
- Parents: Protects the financial stability of your family.
Disability insurance is an essential component of comprehensive financial planning. Don’t wait for a health issue to arise—plan ahead to safeguard your future.
