If you enjoy disability insurance as a perk from your employer, consider yourself lucky. Companies are cutting back on expenses, and disability insurance is on the chopping board. If your employer will be cutting this valuble coverage, consider getting an individual disability insurance policy.
May is Disability Insurance Awareness Month. While not as common as life insurance, disability insurance is just as important ... perhaps even more important. Why? Because approximately one in four workers will experience a disability that keeps them from working for longer than 90 days. One in seven will suffer a disability lasting longer than 5 years.
Disability insurance can help cover your lost income if you become disabled. This article from Kiplinger sums up disability insurance nicely.
Source: LIFE Foundation