Disability Insurance: Policy Information, Choices, Savings, and More

Disability insurance can replace a portion or all of your income if you become disabled and cannot perform your job. 

·    Will Social Security Pay if I Become Disabled? Yes, you can collect Social Security benefits if you become disabled but is very difficult. In order to collect Social Security benefits due to a disability, your disability must be severe enough to prevent you from doing any kind of work, not just your current job. In addition, the disability would need to be classified as permanent.

Do I Really Need Disability Insurance?

What’s your most valuable asset? Your car? Your savings and investment accounts? Your house? It’s actually “none of the above.” Your greatest asset is your ability to earn a living. Think about what would become of you and your family if you suddenly became disabled and were no longer able to work? According to America’s Health Insurance Plans, one-third of working adults say their savings would run out in three months or less if, their family’s primary wage earner lost his or her income due to a disability.