Summary: Article discusses importance of disability insurance, long-term care insurance, and life insurance for financial protection.

From Yahoo Finance: 2025-06-26 09:17:00

Prepare for financial emergencies by saving wisely, like the ant and squirrel. But for stronger protection, consider insurance products like disability insurance, which covers various conditions and isn’t limited to workplace injuries. Long-term care insurance is crucial for retirement, covering expenses that standard health insurance doesn’t, like nursing home care.

Disability insurance comes in short-term and long-term forms, offering coverage for temporary and serious conditions, respectively. Make sure your policy includes an “own-occupation” provision to protect your specific profession. Long-term care insurance is vital for retirement, covering costly care services that standard health insurance doesn’t.

Life insurance ensures your loved ones are supported financially if you pass away, but policies like whole life or universal life can also provide cash value growth for big expenses. From disability and long-term care to life insurance, the right protections provide a financial buffer for life’s unexpected challenges. Ask the right questions, understand your options, and tailor coverage to your family’s unique needs.

Read more: 3 Overlooked Money Tools That Can Protect You for the Long Haul