What might make supplemental private disability insurance advantageous?

Supplemental private disability insurance is particularly advantageous because it can effectively fill gaps in Social Security Disability Insurance (SSDI) payments. SSDI provides a basic level of income protection for individuals who are unable to work due to a disability, but the benefits may not fully replace a person's income. This is where supplemental private disability insurance plays a crucial role. It can offer additional financial support to help maintain a person's standard of living during periods of disability, ensuring that financial obligations such as mortgage payments, medical expenses, and daily living costs are covered.

The primary function of this type of insurance is to supplement the government benefits, enhancing overall financial security. Therefore, having a supplemental policy can be a strategic choice for individuals looking to ensure a more comprehensive safety net in the event of a disability.