Short and long-term disability insurance is used to replace a percentage of income lost due to an illness or injury that prevents you from working. Should you have short and/or long-term disability insurance? For most of us the answer is yes. Unless you are able to maintain your current lifestyle without earning an income, you should have short and long-term disability insurance.
Disability (Long-Term and Short-Term)
Disability insurance covers those who get injured or seriously ill and aren’t able to work for a short or long-term period. This insurance is a must in the event that you get ill or injured outside of work, or at work, providing steady household income while you recover.
Long-Term Care
As we age, long-term care becomes more of a necessity than just a possibility. It helps to provide around-the-clock care for those who are injured, ill, or diagnosed with cognitive impairment like Alzheimer’s. It can be provided in homes, an adult daycare facility, a nursing facility, or a rest home. No matter the level or type of care you need, long-term care is extremely beneficial and can give you and your family peace of mind.