Although most of us are aware of the need for health insurance coverage when determining our risk-management needs, many of us fail to consider the possibility that we could become disabled.
A disability income insurance policy can help replace income lost because of an injury or illness.
In the event that you become disabled and are unable to work, the benefits provided by disability insurance can help replace a portion of your earned income.
The appropriate amount of disability coverage will depend on your particular situation. However, there are a few issues you may want to consider.