Whether it is an accident or an illness, all types of unforeseen events happen every day. These types of things help encourage one to take a good look at individual disability insurance. The first thing to do is become well acquainted with what this type of insurance really is by doing your research.The definition of individual disability insurance is when an insurance company has a contract with a policy holder with benefits to be paid in the event an illness or an accident occurs. The said insurance company will provide the policy holder with funds that will help meet the policy holder’s commitments, such as a mortgage or car payment. No one expects a disability occurring, but when it does the policy holder in these circumstances will be covered. Individual disability insurance can be a financial buffer to provide stability during an unstable time.Insurance companies will ask for the state that the individual currently resides in when offering coverage. This is important as there are factors from state to state that determine the type of coverage that can be issued, and can restrict the insurance company from offering certain benefits. To receive the income protection needed, it is advisable that the individual speaks to a licensed insurance agent in order to receive the best policy and premium possible.It is also very common for the underwriters to know of any pre-existing medical ailments. These medical ailments do not rule out the possibility of receiving a disability insurance quote, but they can limit the amount that is received in the event of a new illness or injury if it is related to the previous ailment. Be sure to disclose all relevant information when applying for a quote.In most cases, the individual who is looking for coverage is concerned with the well being of their family and are trying to secure a financial security for those loved ones. With more than one quarter of individuals over the age of twenty becoming disabled at some point in their lives, it is important to make sure that all of the things the individual has worked for are secured.The vital question is whether or not the individual is prepared for the possibility of long-term disability. In most cases the answer is no. Requesting a disability insurance quote from a licensed agent today can be the first step in changing that answer to yes.