Many employers include both short, and long term disibility as part of their standard benefits packages. If your employer does not offer disibility, or if the income provided under their disibility package would not be sufficient to support your lifestyle you should consult with a financial planner or insurance agent to determine if you should increase your benefit amount.

Disability insurance can truly help a family out of a bind if something were to happen to the "breadwinner" of the family. The disability insurance would guarantee you would have some form of income coming in if you were unable to work due to becoming disabled. These matters do happen and affect thousands of families each year. You should really consult a financial planner or someone familiar with disability insurance and see if it may be right for you.

Many auto loans and credit cards also give you the option of adding insurance that would pay off that particular account in the event you become disabled or die, or defer your payments until you are able to work again. It's important to note that if you have elected to add any of these coverages they only apply to the specific account you selected it on. For example if you have 3 credit cards, and only 1 has the optional coverage, only that specific card would be paid off. Since the details of each plan vary be sure to review the coverage thouroughly to ensure you understand what will be covered, and under what circumstances.

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