What’s Disability Insurance?

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   Kelly Moser

   Social Media Strategist, Disability Insurance Services, California

   Disability insurance pays a portion of your income (typically 60-65%) in the event that you become injured or sick and can no longer work. The average American has only 6 months of cash reserves on hand, so disability insurance allows you to pay your bills, mortgage, etc. while you can't receive a paycheck. Depending on your policy, the benefit could pay up until age 67, and depending on your occupation definition on the policy, you could even receive a benefit while returning to work at a different job.

   Answered on October 7, 2013

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