What Is Disability Insurance and Why It Matters
Your ability to earn an income is your most valuable asset. Here's how to protect it.
Most people insure their car, their home, and their life — but forget the asset that funds all of them: their paycheck. Disability insurance pays you a portion of your income if illness or injury prevents you from working.
About one in four working adults will experience a disability lasting more than 90 days during their career. Short-term disabilities like a back injury or a difficult pregnancy are far more common than people realize.
There are two main types: short-term disability (covering weeks to a few months) and long-term disability (covering years or until retirement). Many employers offer some coverage, but it's often less than you'd actually need to maintain your lifestyle.
An individual policy fills the gap, follows you between jobs, and pays benefits tax-free if you pay the premium yourself. For high-earning professionals in NYC, this is often the most overlooked piece of the financial plan.
If you're not sure what coverage you have through work, we can review it for free and tell you whether you're protected.
Have questions? Get a free quote today.
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