Protect Your Income with Disability Insurance
Disability insurance plays a critical role in your financial safety net by protecting one of your most valuable assets - your ability to earn an income. While life insurance provides for your loved ones in the unfortunate event of your death, disability insurance safeguards your livelihood if injury or illness prevents you from working. It provides cash benefits that replace a portion of your income if you become disabled and cannot work for a period of time.
Without disability coverage, most families are ill-prepared to cover even basic expenses if their primary wage-earner is suddenly unable to earn a paycheck. Disability insurance gives you the peace of mind that your finances will stay intact if you suffer an illness, accident or condition that impacts your capacity to work. It protects you against wage loss so you can focus on recovery without worrying about making ends meet.
Some key benefits of disability insurance:
- Replaces up to 60% of your income if you cannot work due to a covered disability
- Provides monthly tax free cash benefits to help pay bills, mortgage, and everyday expenses
- Benefits can last anywhere from 1 year to age 65 depending on the policy
- Covers disabilities resulting from illness or accidents