Towven.com – Many people neglect a crucial part of financial planning, full coverage disability insurance in favor of investing, saving, and retirement accounts.
Disability insurance, a frequently neglected financial tool, protects the income of those who are unable to work because of a handicap. To help you protect your financial security, this article will explain disability insurance and how it works.
What is disability Insurance?
To help replace some of your income in the event that you are unable to work because of a disability, you can get disability insurance, which is also called disability income insurance.
Many things, such accidents, illnesses, or injuries, can cause this kind of handicap. Disability insurance, in contrast to health insurance, which pays for medical bills, reimburses policyholders for income they lose due to a covered disability.
Disability Insurance Options
Std, or short-term disability, and LTD, or long-term disability, are the two most common forms of disability insurance.
1.STD, or Short-Term Disability
