Disability insurance is often referred to as “the forgotten insurance” because when most people think about protecting their income, they think solely of life insurance. However, the probability of becoming sick or injured during your career is much higher than the probability of dying.
What is Disability Insurance?
Disability insurance refers to an insurance policy that provides income to individuals who can no longer work because of a disability, accident, injury or illness. Disability insurance is available through employers, Social Security or insurance companies and comes in short-term and long-term coverage options.
Why is Disability Insurance Important?
It helps protect people from financial losses if an accident or illness renders them incapable of working and receiving regular income.
This checklist covers what to consider when purchasing a disability insurance policy.

