Diseases and injuries can occur unexpectedly, catching us off guard. 8. Ensure that you have the necessary financial preparations in place to maintain stability during a medical situation by Disability obtaining disability insurance. Insurance See More Disability insurance offers additional financial support if an illness or injury leads to a disability that hinders the policyholder from performing their usual job. Monthly benefits are typically provided to help the policyholder sustain their current lifestyle and cover ongoing costs. Short-Term Disability policies Establish a waiting period ranging from 0 to 14 days, with a maximum benefit period not exceeding two years. Long-Term Disability policies Allow for a waiting period spanning from a few weeks to several months, while the maximum benefit period can extend from a few years to a lifetime. 14