1. 0 POINTS
    David RacichPRO
    Fountain Hills, Arizona
    Disability insurance covers periods of incapacitation from injuries and sickness, essentially paycheck protection. It can be purchase for short or long periods of disability with elimination periods that fit your cash reserves. 
    Answered on July 14, 2013
  2. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Disability insurance pays a monthly income (generally tax free) and covers prolonged sickness and/or recovery from an injury. The payments start after the elimination or waiting period has been satisfied. It's important to secure and maintain disability coverage because fundamentally it's paycheck protection beyond the basic stipend of Social Security disability benefits.
    Answered on September 10, 2013
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