DISABILITY

 Disability Insurance simply replaces a portion of an employee's or owner's income if they are unable to work due to sickness or injury. Whether you are a professional athlete, a CEO of a major corporation, or an electrician; Disability Insurance is always a smart way to protect your income. 

There are two main ways to look at Disability insurance: Short term and Long term. 

Short-term coverage usually pays for a few months up to two years with a shorter elemenation period. (the time it takes for the policy payout to begin) 

Long term coverage usually has a longer elemination period such as 90 days, 120 days, etc, (can be dove-tailed with the short term disability for those longer periods)  and will continue to pay out up to a specified age or retirement.