Disability insurance is income insurance. It provides you with money to cover your bills and expenses if you are unable to work because of an accident or illness.
Unless you have significant savings or other sources of income, it would likely be difficult to maintain your current lifestyle if you couldn’t work. This is especially true if you have debt such as a mortgage, credit cards, or other loans. Most disability insurance policies will allow you to replace up to 60% of your gross income.
Although your employer may offer some level of insurance, it may not be enough and may only cover a short term such as a couple years. That’s why we recommend you consider purchasing a private disability insurance policy. We have partnered with Policygenius, an online independent broker, so you can quickly shop multiple companies to find the best policy for you.
Learn the Key Features of a Policy, Why it’s so Important to Have, and How to Get the Best Coverage
The Simple Way to Buy Disability Insurance
YFP has partnered with Policygenius, an online independent broker to help you quickly shop multiple companies to find the coverage that's right for you.
*Disclosure: If you visit the link above and apply for coverage, YFP will earn a referral fee. Please know that we recommend them because of their independent nature and reputation providing good service.