There are many working people out there who don't have disability insurance. If you are a federal employee who does not have disability insurance — and who might not know a lot about this type of insurance — then you will probably want to keep the information below in mind.
It Probably Isn't Available Through Your Employer
First of all, you should know that many working people are able to purchase disability insurance through their employers. Some people don't even have to pay for it; instead, paid disability insurance is offered as a part of the employee's compensation package. Unfortunately, though, this is not the case for federal employees. Therefore, if you are wondering about whether or not you already have disability insurance, you should know that you more than likely do not have it, unless you have purchased it yourself. Of course, this is subject to change, since the federal government might choose to begin offering disability insurance to their employees at some point in the future. As of right now, though, this is not the case.
It Is Something You Will Probably Want
You might not know much about disability insurance and might not really think it is something that you need or want. However, in the off chance that you end up becoming disabled at some point during your working years, then you will probably find that having disability insurance is a good thing. After all, if you rely on Social Security Disability payments on their own, you might find that you will not be able to bring in enough income to pay your bills and support yourself. However, if you purchase disability insurance now, you can help ensure that you are properly protected and that you are able to support yourself if you do end up being seriously injured or if you otherwise become disabled in the future.
It's Something You Can Buy On Your Own
You might be interested in having disability insurance, but you might assume that you will not be able to secure this coverage since it isn't offered through the federal government for federal employees. However, you should know that you do have the option to purchase your own coverage. Therefore, now might be a good time for you to look into different types of disability insurance policies. You may just be able to find good coverage for an affordable price.
Contact a company that offers federal employee disability insurance to learn more.