Last Updated on April 19, 2021
5. Social Security Disability
Social Security Disability Insurance may not be the best option to choose due to some of its setbacks. However, the Social Security Disability is a federal program that allows payout after you apply. Most importantly, accepting or dening the request may take up to 3 to 5 months. In most cases, the first applicants are rejected, and if they get accepted, you can only have a $1000 monthly. You can’t rely on this policy as it takes time for acceptance, low monthly payout, and less effective than the private disability insurance policy.
