Waterhouse Insights / Insurance
3 Myths About Disability Insurance
Separating fact from fiction so you can make informed decisions.
Disability insurance is an important part of protecting your financial well-being, yet several common misconceptions can prevent people from considering the coverage they may need.
Myth 1: “It’s only for workplace injuries.”
Most long-term disabilities result from illnesses—such as cancer, mental health conditions, or chronic pain—not accidents at work.
Myth 2: “Workers’ compensation or government benefits will cover me.”
Workers’ compensation generally applies only to job-related conditions, while government benefits may have strict eligibility rules and provide limited income replacement.
Myth 3: “I’m young and healthy, so I don’t need it.”
Disability can affect anyone through injury or unexpected illness. Buying coverage while young and healthy may also make it easier and less expensive to qualify.
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