Revealed Top Secret Guide to Must-Have Insurance Choices

Disability Insurance: Protecting Your Income

Disability insurance is often overlooked but is essential for protecting your income if you become unable to work due to illness or injury. Short-term disability insurance typically covers a portion of your salary for a few months, while long-term disability can provide coverage for several years or until retirement. The cost varies based on factors like age and occupation, but it generally ranges from 1% to 3% of your annual income⁵.