Title: Do I Need Disability Insurance? | Insurance | Spending & Saving | Topics | 360 Degrees of Financial Literacy
Headings: Do I Need Disability Insurance?
Do I Need Disability Insurance?
Content: Do I Need Disability Insurance? | Insurance | Spending & Saving | Topics | 360 Degrees of Financial Literacy
Do I Need Disability Insurance? The decision to buy disability insurance depends on your financial situation. If you are unable to work and don’t have enough savings or other income to cover your expenses, disability insurance can be a lifesaver. Types of disability insurance include: Social Security Disability Insurance. To qualify, you must have: Been employed in a job in which you paid into Social Security. A medical condition that meets the Social Security definition of total disability. Those who are only partially or temporarily disabled aren’t eligible.