Disability insurance is one of the most underrated yet critical forms of financial protection. Here’s why it’s essential:
What is Disability Insurance?
Disability insurance provides a portion of your income if you’re unable to work due to illness or injury. It ensures you can cover living expenses and maintain financial stability during challenging times.
Who Needs Disability Insurance?
Everyone who relies on their income to pay bills, support their family, or save for the future should consider disability insurance. Whether you’re self-employed, employed, or running a business, this coverage is invaluable.
Types of Disability Insurance
- Short-Term Disability Insurance: Covers a portion of your income for a short period, typically 3-6 months.
- Long-Term Disability Insurance: Provides coverage for extended periods, often until retirement age.
Why It’s Important
Without disability insurance, a sudden loss of income due to illness or injury can quickly drain your savings. This coverage acts as a safety net, allowing you to focus on recovery without financial stress.
At Gail Brokerage, we specialize in helping clients find disability insurance plans that protect their livelihoods. Contact us today to learn more!