What Is Personal Disability Insurance?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaPersonal disability insurance is paycheck protection against sickness or injury. While health insurance covers expenses and bills incurred for hospitalization, disability benefits pay you a monthly income generally tax free. Most Americans only have 90 days in cash reserves, so disability insurance is important. Make sure you have income ready to go for the unexpected events that occur in life.Answered on August 2, 2013flag this answer.JPG)
63333 POINTSview profilePeggy MaceMost of the U.S.Personal Disability Insurance can refer to Private Disability Insurance or Individual Disability Insurance. In other words, it is not Group Disability Insurance. It is a Disability Insurance policy that you buy with your own money to pay for living expenses that would occur if you were to become disabled.Answered on August 2, 2013flag this answer
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