What is an additional monthly benefit?
The Bankrate.com financial term of the day is: "additional monthly benefit."
Social Security provides income not only when you're retired but also when you become disabled. However, there's a six-month delay for the program's disability benefits. You can cover that gap by buying private disability insurance including what's called an additional monthly benefit. That's extra money during the first year of an injury to make up for the Social Security lag.
If you want maximum protection for your income in case you find yourself physically unable to work, you'll want to look into disability insurance with an additional monthly benefit.
To compare insurance policies, get a quote by visiting the Insurance section at Bankrate.com.