Although it is difficult to consider, one day you may lose your ability to earn a living. An unanticipated accident or injury could happen at any time.  according to statistics presented by the Center for Disease Control’s injury research department, an estimated 5.3 million Americans are currently living with debilitating disability, and each year about 80,000 more become disabled.

Your medical insurance does not cover all of the cost s that accompany a disability which comes as a surprise to many people.  Even if you are covered by a group policy, you may only be eligible to receive a small percentage (usually 50-60% of gross income) of your current income of you cannot work and benefits could last only a short time.

Social security disability will only be approved if you are severely disabled and payments will not begin until 6 months after you have applied.

A private disability income insurance policy can provide monthly benefits to replace a portion of your income in the event you become disabled. This will prevent you from exhausting your savings, which would leave you without money t support yourself later in life.

While most people understand the importance of life insurance, it seems many overlook the value of disability coverage.  It seems we anticipate death more fully than we anticipate becoming disabled.  Disability insurance could prevent this unanticipated financial strain, by ensuring that you are able to maintain a comfortable standard of living regardless of whether you are able to work.