When life takes an unexpected turn, disability insurance provides you with the money you need for expenses. If you become sick or injured and can no longer work, disability insurance replaces part of your income. It’s not the same thing as worker’s compensation because you do not have to become disabled while at work to receive this insurance.
Disability insurance is available for both short-term and long-term disability needs. Short-term can help you with expenses for nine weeks to a year, while long-term disability continues paying you for many years. Sometimes these plans end upon typical retirement age (around 65).