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The basics of disability insurance

At the LePley Law Firm, we know that many people give little thought to the possibility of becoming disabled, especially when they are young and building their careers. However, as you may know, a life-changing accident or illness can occur without warning. A serious incident may affect your ability to earn a living. You and other Washington residents may be interested in learning about how disability insurance may protect you.

If you work for a company, you are already paying into the Social Security disability fund, as you may be aware. However, you may be self-employed or concerned that Social Security disability payments may be insufficient to cover your needs if you are unable to work. NerdWallet explains that people can purchase additional disability insurance, which is meant to cover a portion of your income if you become disabled permanently or for a long period. You may be able to invest in disability insurance through your employer, or you can purchase an individual insurance plan.

The Social Security Administration states that at least one out of every four Americans will become disabled for three months or longer before they reach the age of 67. This means that considering disability insurance may be wise. However, as with many insurance companies, there is always the chance of a dispute or a denial in benefits when you file a claim for a long-term or permanent disability, as our page explains. This may necessitate experienced counsel to protect your rights and your quality of life.

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