Unfortunately, statistics tell us that many people will become disabled over the course of their working lives. To protect against the financial damage that long periods of time without income can cause, most experts recommend purchasing disability insurance. Many people are covered by disability insurance policies through their employers, and many others supplement that coverage or simply buy their own disability insurance policies. Be sure to know the details of any disability insurance provided by your employer and to keep in mind that disability payments you receive from an employer’s plan may be taxable as income, while payments you receive from a disability insurance plan you purchase yourself are tax-free.
Part 1 – DI The Problem
Introduction to Disability