Becoming disabled can strip you of your ability to make a living. While some people can use their savings to get by, very few people can afford to stop working altogether for a prolonged amount of time.

This is where long-term disability insurance comes into play. Long-term disability policies provide you with a steady income for an extended period of time. Most people who have long-term disability insurance are able to purchase it through their employer. However, you can buy individual long-term disability insurance on your own. Additionally, if you have long-term coverage from an employer, the payouts are usually not enough to cover your needs until you can return to work.

How it Works: