A disability benefit is a regular income, which is paid if you are unable to work due to illness or injury. This benefit is meant to replace your income. In certain circumstances, the state pays out a disability benefit, however not everyone qualifies for it – self employed people are not entitled to anything from the state if they become unable to work.
Even where you are entitled to a state benefit, the amount paid is very low. Disability cover is a way of protecting your future income. If you have disability cover and become unable to work, after a period of time you will receive a regular income until you return to work.
Contact Sheehan Financial today for advice on permanent health insurance.