What is Disability Insurance?

Disability insurance is a type of insurance policy that provides financial protection to individuals who become disabled and unable to work. It helps replace a portion of their income while they are out of work due to an illness, injury, or other medical condition.

Types of Disability Insurance:

• Short-Term Disability Insurance (STD): Covers temporary disabilities that last for a short period, typically up to six months.
• Long-Term Disability Insurance (LTD): Provides coverage for disabilities that extend beyond six months or even until retirement age.