Disability Insurance Awareness Month: Why It Matters

May is Disability Insurance Awareness Month, a perfect time to talk about one of the most overlooked but essential types of coverage. While many people protect their homes, cars, and health, they often forget to insure their most valuable asset—their income.

Imagine suddenly being unable to work due to an injury or illness. Would your savings cover your bills, mortgage, or daily expenses? That’s where disability insurance steps in.

Why Disability Insurance Matters

Disability insurance replaces a portion of your income if you’re unable to work due to a qualifying disability. This includes temporary or long-term conditions caused by accidents, injuries, or chronic illnesses.

Did you know?

1 in 4 of today’s 20-year-olds will become disabled before reaching retirement age (U.S. Social Security Administration).

• Most disabilities are caused by illnesses—not accidents.
• Workers’ compensation only covers job-related injuries, leaving many other risks uncovered.
• It helps you stay financially stable during recovery and protects your ability to support yourself and your family.

Types of Disability Insurance

1. Short-Term Disability Insurance

• Covers temporary disabilities
• Waiting period: a few days to 2 weeks
• Benefit period: up to 6 months
• Great for covering maternity leave, surgery recovery, or short-term illness

2. Long-Term Disability Insurance

• Covers serious or chronic conditions
• Waiting period: 90 days or more
• Benefit period: years—or even until retirement age
• Critical for safeguarding your long-term income

Choosing the Right Coverage

Not all disability insurance policies are created equal. Here’s what to consider:

1. Coverage Amount

Look for a policy that covers around 60–70% of your pre-disability income.

2. Definition of Disability

Some policies only pay if you’re unable to work any job—others pay if you can’t perform your specific occupation. The latter is more comprehensive.

3. Benefit Period

Decide how long you want benefits to last—just a few years or until age 65.

4. Waiting Period

This is the “elimination period” before benefits begin. A longer waiting period usually lowers the premium but may not be practical if you don’t have sufficient savings.

5. Group vs. Individual Policies

Group policies (through employers) are usually cheaper but may not be portable.

Individual policies can be tailored to your needs and stay with you if you change jobs.

• Employees with limited sick leave
• Self-employed professionals and small business owners
• Parents who support families
• Young adults with student loans and rent or mortgage obligations

Protect Your Income Today

May is the ideal time to reassess your financial safety net. Don’t wait for the unexpected to realize how valuable disability insurance is. A short conversation with an insurance professional can help you find the right plan to fit your needs and budget

Contact Klinger Insurance Group today at 301-428-4935 to review your current coverage or explore your disability insurance options. Your income is your lifeline—make sure it’s protected.