Introduction To Insurance

Disability Insurance 

 

Aside from health insurance, 

disability

 is a very critical type of insurance 

individuals should consider having. When it comes to your personal finances, 

long-term disability can have a devastating effect if you are not prepared. Think 

about this: the probability of becoming at least temporarily disabled during your 

working years is higher than the probability of dying during your working years. 

(For related reading, see 

The Disability Insurance Policy: Now In English

.)  

 

Disability insurance can replace a portion of the salary you were making before 

you became disabled and unable to work after a serious injury or illness. But 

before you seek coverage, you should first understand the different types of 

disability definitions used by insurers.