5 Disability insurance and Compare the Best

Types of Disability Insurance

Disability insurance is broadly categorized into two main types: short-term and long-term.

Short-term disability insurance typically covers a portion of your income for a brief period, often ranging from a few weeks to six months, depending on the policy. This type of insurance is ideal for temporary disabilities resulting from injuries or minor surgeries.

On the other hand, long-term disability insurance is designed to provide income replacement for extended periods, potentially lasting several years or until you reach retirement age. This coverage is crucial for more severe or chronic conditions that prevent you from working for an extended time.

Understanding the differences between these types is vital for selecting the right coverage that aligns with your financial needs and lifestyle.

Short-term vs. long-term disability insurance.