Investing in Disability Insurance is one of the most important items to plan for because if you are severely injured or experience a long-term illness unable to earn a living, this can be damaging to you financially. Imagine being unable to earn a living and rely on the US Government for your monthly income.
One way to structure a disability plan is to get a long-term disability plan when you are first starting out in your working career and when you have built up enough Social Security Credits, make changes based on needs.
For instance, start with a long-term disability plan and once you have built up your Social Security credits, review your Social Security file and switch to a short-term disability plan if the benefits are acceptable. This will lower your costs when switching to a short-term disability plan and provide for an income during the 5-month waiting period that is required under SSDI.