Disability insurance is a great way to protect yourself and your family in case of an accident that prevents you from working. Unfortunately, many people do not have enough disability insurance and even though it's a very important part of your financial health, we all know that it can sometimes be hard to get the right coverage.
If you're wondering how much disability insurance you need, here's some good news: it really depends on your situation. For example, if you're single and have no dependents and are highly skilled at something like software development or graphic design, then maybe it doesn't make sense for you to buy very much in terms of long-term disability protection. On the other hand, if you're married with children who rely on their parents for support and you need to take care of them until they are grown up like responsible adults then having more than enough short-term disability protection may be necessary for your financial security and peace of mind.
But no matter what kind of plans you choose. whether it's short-term or long-term. I recommend purchasing more than just the bare minimums required by law for whatever state where you live because there is always the possibility that something unexpected will happen in life ..
If you're wondering how much disability insurance you need, here's some good news: it really depends on your situation. For example, if you're single and have no dependents and are highly skilled at something like software development or graphic design, then maybe it doesn't make sense for you to buy very much in terms of long-term disability protection. On the other hand, if you're married with children who rely on their parents for support and you need to take care of them until they are grown up like responsible adults then having more than enough short-term disability protection may be necessary for your financial security and peace of mind.
But no matter what kind of plans you choose. whether it's short-term or long-term. I recommend purchasing more than just the bare minimums required by law for whatever state where you live because there is always the possibility that something unexpected will happen in life ..
