In the case of a sickness or an injury that leaves a person unable to work, a disability insurance can help cover the financial needs. It replaces a portion of the income and can help pay for mortgage or other essential household expenditures. It relieves the financial pressure during difficult times and helps bring in security and protection.
Any kind of disability cannot be foretold and such insurance can help a person be mentally secure in the case of such an event. Worker’s compensation covers you if you are injured at work but will not cover you if the injury takes place outside of your employment. Disability Insurance provides coverage for injuries that occur unrelated to work. Certain specific criteria need to be met by an individual to be eligible for a disability insurance.