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The COVID-19 pandemic has shed new light on the importance of disability insurance, an employee benefit that often flies under the radar.
The possibility of becoming disabled and unable to work is not top of mind for most people. They usually think of a disability as something resulting from an accident and believe "it won't happen to me." However, more people become disabled due to illness than to accidents. COVID-19 has brought attention to the fact that people can get sick and miss work for several weeks or months. If not protected by disability insurance, the lost income that results can take a toll on their lives in addition to the illness.
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