Disability insurance provides income to individuals who can no longer earn an income because of a disability. It protects people from significant financial loss if they are victim to an accident or illness and incapable of working. Many employers provide disability insurance, and it is also available from private insurance companies.

While disability insurance can give you peace of mind and financial security in case you are unable to earn an income, it is also costly and the benefits may take a while to kick in. To further discuss the pros and cons of disability insurance or decide if it is a good choice for you, contact NIBC today!