Disability insurance provides income replacement if you are unable to work due to illness or injury.
- Example:
Short-Term Disability Insurance: Pays a percentage of your income for a limited period (typically 3 to 6 months) if you are temporarily disabled and unable to work due to illness or injury.- Long-Term Disability Insurance: Covers you for an extended period (up to several years or even until retirement age) if you become disabled and are unable to return to work.
Leave a Reply