Title: Do I Need Disability Insurance? | Family Finance | US News
Headings: Do I Need Disability Insurance?
Do I Need Disability Insurance?
Your employer may offer disability insurance, but investigate its coverage limits and tax implications.
Read:
What Is Disability Insurance?
Long-Term Disability vs. Short-Term Disability Insurance
Is My Employer-Offered Disability Insurance Enough?
What Is Social Security Disability Insurance?
How Much Disability Insurance Do I Need?
How Much Does Disability Insurance Cost?
Who Needs Disability Insurance?
9 Ways to Reduce Your Insurance Costs

Content: [
Read: Alternatives to Long-Term Care Insurance. ] Many people don't like to envision a life in which they become disabled and are unable to work, but there's evidence that they should consider their options. More than 1 in 4 of today's 20-year-olds will become disabled before reaching age 67, according to a fact sheet from the Social Security Administration. For many of those workers, the presence of a solid disability plan could spell the difference between maintaining their standard of living or diving into financial insecurity. But purchasing disability insurance isn't always baked into our consumer habits, like buying auto insurance, life insurance or homeowners insurance, and some workers might assume that their workplace insurance or Social Security disability insurance will protect them if things get bad enough. Unfortunately, it's not that simple. Here's what to know about disability insurance. What Is Disability Insurance? In exchange for regular premium payments, disability insurance commits to paying out a portion of your salary in the event of a disabling condition. "