The Hidden Risk Every Family Faces: Why Disability Insurance Could Be Your Lifeline
What You Should Know About Disability Insurance
There are typically two different kinds of disability insurance: long-term and short-term coverage. These types replace your income up to a certain point and some policies offer additional services such as training to get you back on track at work. For example, federal employees may collect up to 65 percent of their income to a cap of $8,992 each month and a waiver-of-premium covers premium payments after six months of complete disability until no funds are left. Should you die, loved ones continue to receive benefits for the covered period.
