Disabilities can create financial hardship for individuals and families. Disability insurance helps protect you and your family from financial disaster in case you may not be able to work whether it be short term disability or long term disability tax free.
While long term care insurance is meant to assist individuals with medical costs linked to their infirmity, disability insurance is meant to address the loss of income during a period where someone is unable to work. Coverage for short-term and long-term disability can be important to review. In either scenario, a lack of support at a crucial moment can be devastating.