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Disability insurance

Insurance that replaces part of your income if you can't work because of illness or injury.

Why it matters

Short-term covers weeks to months; long-term covers years. Long-term disability is often the most-overlooked coverage: statistically more likely than premature death during working years. Employer group coverage taxes benefits if paid pre-tax; individual policies pay tax-free.

See also

Educational only — not financial, tax, or legal advice.