Long-term disability insurance is crucial because it provides financial protection in case of a long-term illness or injury that prevents an individual from working. Without this insurance, individuals may face significant financial hardships as they won't be able to earn their regular income. Long-term disability insurance ensures a steady income replacement, typically a percentage of the individual's pre-disability earnings, during this period of inability to work. It helps cover essential expenses such as mortgage payments, utility bills, medical costs, and other day-to-day living expenses. Additionally, it offers peace of mind knowing that in the event of a long-term disability, one's financial well-being is protected. It is especially important for individuals who do not have substantial savings or other sources of income to rely on during such challenging times. By having long-term disability insurance, individuals can focus on their recovery without worrying about their financial stability.