Right here's precisely why consultants advocate shopping for one sort of incapacity insurance coverage over the others

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• Disability insurance can help replace lost income if you can’t work for a several months or years due to an injury or chronic illness.
• Most traditional employers offer short-term disability insurance at no cost to the employee, but that’s probably not enough coverage.
• Long-term disability insurance can pick up where short-term coverage and your emergency fund leave off. The benefits from a private policy are usually bigger and are tax-free.
• Premiums for long-term disability insurance typically run between 1% and 3% of your annual pretax salary, but can vary depending on your coverage amount, age, location, health history, and occupation.
• Policygenius can help compare disability policies and prices to find the right coverage for you »

If you rely on a steady paycheck to support yourself or your family, you’d be wise to protect that income with disability insurance.

In exchange for a monthly premium, disability insurance helps replace your income if you’re physically or mentally disabled and cannot go to work for a few months to several years.See the rest of the story at Business Insider

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