**In this episode of the Teacher Money Show, host Shaun Morgan sits down with Tanya Taylor to discuss the importance of disability insurance for teachers and how it plays a crucial role in protecting their income and retirement plans.**
Explore the show notes at:
https://www.teachermoneyshow.com/show56
Become a guest on the show:
https://www.teachermoneyshow.com/guest
Leave a voicemail question:
https://www.speakpipe.com/teachermoneyshow
**Key Takeaways:**
- Long-term disability insurance can replace your income if you become disabled, but it’s important for teachers to understand their employer’s policy (which is likely not enough) and consider supplemental coverage.
- Disability can be either physical or mental, and statistics show that 1 in 4 people over the age of 20 will face disability in their lifetime. (It isn't just for people in manual labor jobs).
- Your district likely offers short term disability insurance with between 3 and 6 months of coverage. The long term disability coverage will then take over after that (hopefully). There might be a gap, so being prepared to fill that is essential!
- Going on disability can also impact your pension. It probably varies from pension to pension, but look into that and prepare accordingly.
Whether you're a teacher looking to better understand how disability insurance fits into your financial plan or an educator wondering how to protect your income in case of unexpected life events, this episode is filled with valuable insights to help you secure your financial future. Tune in now to learn how to protect your financial future!
