Disability Income Insurance
We Want to Protect Your Life’s Work with Disability Insurance
With proper disability insurance, we offer the protective solutions you need to help plan for the unexpected and protect what you’ve worked so hard to build.
What is it?
The aim of disability income insurance is to replace your income if you’re unable to work due to a serious illness or injury. Typical policies replace 50 to 70 percent of your pretax earnings.
Why is disability insurance important?
Your chances of being disabled for longer than three months are much greater than your chances of dying prematurely, due in part to medicine that has made many fatal illnesses treatable. Although this is good news, it increases your need to protect your income with disability insurance. Consider what might happen if you suffered an injury or illness and couldn’t work for days, months, or even years.
Evaluation and comparison process
In evaluating policies, you should compare them according to the following four criteria:
- How each policy defines disability.
- The base and optional features each policy offers.
- The cost of each policy.
- The insurers’ financial strength and claims practices.