Disability insurance is a type of insurance that provides financial assistance to individuals who are unable to work due to an injury or illness. The purpose of disability insurance is to replace a portion of your income if you are unable to work. There are many different types of disability insurance policies available, and the amount of coverage you need will depend on your individual circumstances.
Before purchasing a disability insurance policy, it is important to consider your needs and budget. You should also be aware of the limitations and exclusions of your policy. Some common exclusions from disability insurance policies include pre-existing conditions, mental illness, and self-inflicted injuries.
If you are considering purchasing a disability insurance policy, there are several things you can do to get the best rate possible. Be sure to shop around and compare rates from different companies. It is also important to read the fine print carefully before signing any contracts.