Agent Owner, Gilmore Insurance Services, Marysville, Washington State
What type of disability insurance should I get? The one that provides you the best definiton of disability that you can afford. Disability insurance is all about the definition of what is a "disability". What you'll find is the best disability plans have the fewest words in describing what disability is. Without a solid definition, you have a policy you pay for, that doesn't pay you back when you have a claim.
If you have to make a choice between long term disability insurance and short term disability insurance, most people will pick long term disability insurance. More companies offer long term disability insurance, so their premiums are more competitive. Also, most people can financially survive a short time off of work, but would be in trouble if they were to become disabled for a longer period. Long term disability insurance can cover you from a couple of years to retirement age. In my opinion, long term disability insurance is the type you should get.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
I'd like to add to my answer and confirm it as I have been out on Disability claim for a long while now. I am recovering from an amputation from a super infection that could not be cured with medications, so amputation became the best choice... Let me confirm, definition is everything and when you consider a disability policy, make sure you include residual or partial disability clauses in your policy. My situation didn't start out as total disability but worked it's way towards it. I will be honest, there is a lot of paperwork with filing a claim, but once it gets established, it gets a bit easier to deal with.
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Honestly, definition is everything.