Insurance can help you cover rent and other expenses.

If you cannot work as a result of illness or injury, do you have enough money saved to cover your expenses for weeks, months, or even years?

By obtaining disability insurance, it will pay you a percentage of your salary temporarily if you suffer an injury or illness that prevents you from working. Also, some disability insurance provides financial assistance for medical costs, may reimburse part of your weekly earnings and cover rent or other monthly expenses.

Having disability insurance can be very beneficial, since in the event of you having an accident that does not allow you to work, you will not have to worry about paying your debts. However, depending on the type of insurance you choose, it will cover your debts or expenses in the short or long term.

Similarly, you should know that the Social Security Administration provides financial assistance to people who cannot work because they have a medical condition that is expected to last for at least a year or result in death.

The application process for obtaining Social Security disability benefits usually takes three to five months. Therefore, you must apply for them as soon as you become disabled by completing an application for Social Security benefits.

Some disability insurance that you can consider to be financially stable in case of an accident and become disabled are:

1. Human

Human offers short and long term disability insurance, which can pay you part of your salary if illness or injury does not allow you to work. Similarly, insurance can pay you a certain amount of money to maintain some of your daily routines and monthly bills without delay.

2 MassMutual

Disability insurance for MassMutual It can help you protect between 45 and 65 percent of your income in case you get sick or hurt and this does not allow you to continue working. In addition, MassMutual offers individual disability income insurance that can help you protect a portion of your income.

3. StateFarm

Long-term disability insurance for State farm allows you to choose the amount of time that you must be disabled before you start receiving benefits (elimination period) and the amount of time that you would receive benefits. You can choose to receive benefits for a period of five years or “up to 67 years of age.” The maximum monthly disability insurance amounts range from $ 500 to $ 20,000, depending on your income and occupation. You can use the money to pay your bills, rent, and buy groceries.