Disability Insurance Tips

Disability insurance replaces income lost if you can't work, and it's a necessity for most people, University of Texas's Kitt says.

Workers are far more likely to become disabled than they are to die early. Many companies already provide short-term disability policies that usually cover two-thirds of employees' salaries.

If you're forced to buy your own individual policy, it will probably cost more than a group policy, but you won't lose it if you leave your company, and the benefits won't be taxed.

Disabled workers' insurance payments will generally be reduced if they receive other income, such as pension payouts or Social Security disability payments.