Secure Future Financial Freedom Self-Employed Disability Insurance Secrets

Types of Disability Insurance for the Self-Employed

There are two main types of disability insurance: short-term and long-term. Short-term policies typically cover disabilities lasting between three months to a year, while long-term policies can extend benefits for several years or even until retirement age. When choosing a policy, consider factors such as benefit amount, elimination period (the waiting period before benefits begin), and the definition of disability used by the insurer.