Nite
Valued Contributor
Disability income insurance provides financial support when an individual is unable to work due to an injury or illness. The coverage helps replace lost income and can help individuals maintain their standard of living during this time. DI insurance is available through various channels, including employers, Social Security, and private insurers.
Employers often offer group disability insurance as part of their employee benefits packages. These plans typically provide short-term coverage for a few months and may offer the option to purchase long-term coverage as well. Premiums for employer-provided coverage are usually paid through payroll deductions. Individuals may also choose to purchase individual disability insurance policies if they do not have coverage through their employer or if they want additional coverage beyond what their employer offers.
Employers often offer group disability insurance as part of their employee benefits packages. These plans typically provide short-term coverage for a few months and may offer the option to purchase long-term coverage as well. Premiums for employer-provided coverage are usually paid through payroll deductions. Individuals may also choose to purchase individual disability insurance policies if they do not have coverage through their employer or if they want additional coverage beyond what their employer offers.
