Why do I need to purchase disability insurance if I’m already covered by Social Security and Workers Compensation?
Unfortunately, qualifying for Social Security benefits is not a sure thing and the monthly payments you receive may be too small. About 65% of applications for Social Security disability benefits are initially denied, and the average monthly payment is only $1,111.1
Workers compensation only covers you if you’re hurt on the job. Most disability insurance claims are not caused by on-the-job injuries.