Disability insurance is designed to help replace a portion of your income in the event that you become disabled and cannot earn an income.
During some time in your life, you might not be able to work for a period of time. The impact that this could have on your financial situation and lifestyle for you and your family is enormous.
If you become disabled for a period of time and cannot work, after the waiting period is over, you’ll receive a monthly payment. This money can cover any expense you wish such as your housing costs, groceries, utilities and other needs. By obtaining disability insurance, it allows you keep your retirement plans on track in the event of a disability.