To have private Disability Insurance means that you have an insurance policy that will pay you a percent of your normal wages in cash if you were to become disabled and unable to work. There are short and long term disability policies, with the former providing coverage for a maximum of approximately 6 months. Long term disability can provide income replacement for years. Both are purchased with variables that you choose, and the price depends partly on those features.
Some companies provide Group Disability Insurance, which operates the same but your employer may pay it for you.
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Some companies provide Group Disability Insurance, which operates the same but your employer may pay it for you.