By taking out disability insurance your income is covered in the unfortunate event of disability through injury or illness.
Group disability insurance is usually broken down into two areas, long-term and short-term coverage. Short-term schemes generally cover the individual from the first day of disability up to the 120th day. If your disability is going to last longer than that, then this is where the long-term plan comes into it’s own, as it is there from the 120th day until you are 65.
Read the rest of “Understanding Long-term Disability Insurance”
