Know which kinds of disability insurance is right for you


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The last year has made us all acutely aware of soft spots in our financial situation.

Fortunately for many, government programs have stepped in to provide safety net support.

May is Disability Insurance Awareness month. The goal is to provide information on the types of coverage available and encourage individuals and employers to consider how these products might assist in building a plan for financial security.

The Council for Disability Awareness, a non-profit research and education group, estimates that roughly a quarter of today’s 20-year-olds may become disabled at some point in their working lives. That is significant enough risk to consider contingency plans.

We have some social safety net policies in place currently: State Disability Insurance (SDI), Worker’s Compensation and Social Security Disability Benefits. There are also benefits to continue income under Paid Family Leave for a myriad of situations. These are quite helpful, particularly for lower income individuals, but they are often inadequate for higher earners.


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