Title: Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
Headings: Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
Why Disability Insurance Is The Most Important Financial Product You Didn't Realize You Needed
When you think about the insurance that you need, disability insurance might not be at the top of your list. Here is why you should move it to the top.
What’s Ahead:
What is disability insurance?
Is it worth it?
Why is disability insurance so important?
Disability insurance replaces your income if you get seriously ill
Disability insurance replaces income if you are severely injured
Disability insurance could provide enough income to cover bills while recovering
Disability insurance may kick in if you can still work but not in the same capacity
Disability insurance complements Social Security Disability Insurance
Disability insurance covers short-term and long-term needs
Disability insurance protects your household from a complete loss of income
Where to get disability insurance
Policygenius
Breeze
Summary
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About the author
Eric Rosenberg

Content: Digestive disorders. Mental health issues, and injuries. Long-term disability claims most commonly stem from musculoskeletal disorders, cancer, pregnancy, mental health issues, and injuries. Disability is a common cause of bankruptcy. Social Security Disability Insurance (SSDI) and Workers’ Compensation may offer some benefits to someone with a disability, but they may not offer enough income to pay for everything you need. Disability insurance is an important backup plan if you can’t go to work and need to keep up your income while recovering. Is it worth it? Not everyone needs disability insurance. I recently spoke to an insurance broker who said I could probably avoid buying it, because as a freelance writer there is little chance I could become so disabled that I could not work at all. Even if I broke my arm, I could use voice dictation to type out my articles.