ELI5: Explain Like I'm 5

Disability insurance

Disability insurance is like a backup plan in case something bad happens to you. Imagine you're on a long road trip and you don't have a spare tire in your car. Having disability insurance is like having a spare tire. It's there to catch you when something bad happens, like an accident or a medical emergency. Disability insurance helps you cover your bills and other expenses if you can't work due to an injury or illness and don't have enough savings to cover them. It can help you pay for food, rent and medical bills so you can focus on getting better instead of worrying about how you are going to pay your bills.