Disability Insurance

This type of insurance is designed so that you can rest easy when you cannot work because you have a disability. The payouts are usually set monthly, and will be based on requirements that are set out in the contract. This is a really good investment as ⅓ people who buy this insurance reap the benefits. There are two types of disability insurance: Long-term, and Short-term.  A short-term disability will grant you income for the duration of the disability. This term can range from two weeks to 5 months. Long-term disability insurance will start after the short term disability insurance has ended. This insurance will help in paying the expenses that you need to pay. These expenses may include prescriptions, and medical care, as well as general expenses such as food and water.  This will replace your income and you will not have to suffer financially as a result.