Why Is Disability Insurance Important To Have? 
Disability Insurance is what pays your bills if you are unable to work . When you buy Long Term Disability Insurance , you pick an elimination period that can be from a month or up to a year , with the most common elimination period being 3 months . When you are determined unable to work due to illness or injury , your elimination period starts counting down . When that time is up , your Disability Insurance starts paying you cash . By that time , most people have had to dip into savings and/or make other adjustments to their lifestyles , just to get by . Having Disability Insurance to pay them a large percentage of their paychecks is important for financial , emotional , and possibly even physical reasons . 