Disability insurance is designed to protect your income if you are unable to work due to injury or illness. This type of insurance provides financial support by replacing a portion of your lost wages, allowing you to cover essential expenses like mortgage payments, utility bills, and groceries while you recover. There are two main types of disability insurance: short-term and long-term. Short-term disability typically covers a few months to a year, while long-term disability may cover a longer duration.

Disability insurance is particularly important for people whose jobs require physical labor, as they are more likely to suffer injuries that could prevent them from working. However, anyone who relies on their income to meet their living expenses could benefit from this coverage. Employers may offer disability insurance as part of their benefits package, but individual policies are also available for those seeking additional coverage.