What Does It Mean To Have Disability Insurance? 
To have private Disability Insurance means that you have an insurance policy that will pay you a percent of your normal wages in cash if you were to become disabled and unable to work . There are short and long term disability policies , with the former providing coverage for a maximum of approximately 6 months . Long term disability can provide income replacement for years . Both are purchased with variables that you choose , and the price depends partly on those features . Some companies provide Group Disability Insurance , which operates the same but your employer may pay it for you . 