Disability Insurance
Disability insurance is a type of insurance that provides financial support to individuals who are unable to work due to a disability or illness. It replaces a portion of your income, helping you cover essential expenses like rent, bills, and groceries while you recover. There are two main types: short-term, which offers benefits for a few months, and long-term, which can last for years or until retirement. This insurance is vital for protecting your financial stability in case an unexpected health issue prevents you from earning a paycheck.
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Disability insurance is a type of insurance that provides financial support if you become unable to work due to illness or injury. It replaces a portion of your income, helping you cover everyday expenses like rent, bills, and groceries during your recovery period. There are two main types: short-term disability insurance, which offers benefits for a limited time, and long-term disability insurance, which pays out for extended periods, possibly until retirement. This insurance helps ensure that you have some financial stability when you're unable to earn a paycheck.