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disability insurance

Protect one of your most valuable assets — your income — with disability insurance

One of the most important decisions you can make in building a sound financial future will be to secure your income in the event of an illness or injury. If you're unable to work due to a sickness or injury, disability insurance can help you meet expenses and maintain your standard of living. It can help you pay bills like your mortgage, tuition and car payments, and help cover expenses for food, clothing and utilities. By replacing a portion of your income, disability insurance can help provide financial security until you get back on your feet and return to work.

There are several different types of disability insurance policies for both individuals and business owners with several highly rated carriers. Most policies can be catered to meet your individual needs based on your goals and options desired.  Call us at 800.310.0395, Option 2.

Types of Disability Insurance

Individual Disability insurance can replace a portion of lost income if you are unable to work due to sickness or injury. It can help you to meet your financial obligations and maintain your current lifestyle.

Some of the benefits Individual Disability Insurance include:

  • Monthly Benefit Payments- After an initial waiting period, benefits are paid for each month you can't work through the policy's maximum benefit period.
  • Non-cancelable and Guaranteed Renewable Coverage Available- Provided premiums are paid on time, your insurance cannot be canceled or changed. Your coverage or premium rates remain the same from the first premium due date until on or after your 67th birthday.
  • Up to 66% Income Replacement for Individuals – Benefits from your disability policy are paid to you income tax free for the length of any long term or total disability
  • Own Occupation- If you become totally disabled from your occupation and choose to work in another occupation, you’ll receive full benefits, regardless of the income you earn from the other occupation.
  • Residual and Recovery Benefit- Pays you when you are partially disabled and not earning 100% of your pre-disability earnings. Your Residual benefit will pay you relative to your loss of income. If you can only earn 50% of your previous income, your residual benefit will be 50% of your disability benefit until you get back to your full income.