Disability insurance1 provides you with an income when a disability stops you from working. With insurance protection, your family would have money to pay bills, and remain financially stable.
Think about it this way. Suppose you owned a valuable piece of equipment. Day in and day out, the equipment operates reliably. It helps you earn a large amount of money every year. Without question, you would insure that piece of equipment in case it broke down.
Similarly, when a family depends on someone to go to work and earn money, year in and year out, doesn’t it make sense to have disability insurance in case you become disabled?
Before choosing a disability insurance policy, it is important to seek professional advice to ensure that you choose the best policy for your situation.