Short Term Disability and Long Term Disability Insurance

 

Disability insurance protects against loss of income when an individual is unable to work due to illness or injury. Disability insurance pays a percentage of the lost income, which is paid out each month like a traditional paycheck. Disability insurance covers disability caused by accidents and illness.
 

There are two types of disability insurance: long term disability and short term disability. Short term disability insurance usually pays benefits lasting just a few months. Whereas long term disability insurance lasts much longer often years or decades. Most people find long term disability insurance a much better option.