Disability insurance policies can be short or long term. Short-term disability insurance typically covers a period of a few weeks to a few months, while long-term disability insurance can provide coverage for several years or even until retirement age. Short-term disability insurance can provide coverage for a variety of conditions, including pregnancy, surgery, and illnesses such as cancer or heart disease. Long-term disability insurance typically covers more serious and long-lasting disabilities, such as paralysis, severe back injuries, or neurological disorders.
Disability
Disability Insurance, also known as Catastrophic health insurance, covers major, unforeseen health issues. A catastrophic expense could involve a need for a high-cost drug, or out-of-country medical evacuation.
Disability insurance also offers financial support for insured individuals who become unable to work due to a disability. Disability insurance can cover a portion of your income, as well as coverage for daily living expenses, medical bills, and other costs associated with an acquired disability.