Disability Insurance

Disability Insurance: Protecting Your Income

People often remember to insure their cars and homes, but they completely forget to insure their most valuable asset of all: their ability to earn an income.

If you are injured or become seriously ill and cannot work for months—or years—disability insurance replaces a significant portion of your salary (typically 60% to 70%).

• Short-Term Disability: Covers you for a few weeks up to a few months (often used for minor surgeries, severe illnesses, or recovery after childbirth).
• Long-Term Disability: Covers you for serious, life-altering conditions and can pay out for several years, or even until you reach retirement age.

Who needs it? Any working professional who relies on their paycheck to pay the bills. It is especially vital for freelancers, self-employed individuals, and primary breadwinners.

Final Thoughts: Finding Your Baseline

You don’t need every niche insurance policy on the market, but skipping the essentials is a gamble with your financial freedom. Start by reviewing what you currently have—many employers offer baseline health, life, or disability coverage for free or at discounted group rates. From there, fill in the gaps to ensure your assets, your health, and your family are fully secure.