How will your family pay the bills if injury or illness prevents you from working?
Disability Income Protection
You have people that depend on you financially, so if you weren’t able to work due to a serious illness or injury, who would pay the mortgage, taxes, car loans, college tuition, and other expenses? Disability income insurance can help you protect a portion of your income should you become too sick or hurt to work.
The benefits of disability income insurance include:
Your income is most likely your biggest asset. Without it, it would be hard to support yourself and your loved ones financially, as well as keep your future plans on track. Individual disability income insurance can help you stay on track by protecting a portion of your income.
If you become too sick or hurt to work, individual disability income insurance may help you avoid using your retirement savings to cover income gaps. You may also be able to purchase a DI policy to help you continue saving for retirement while you’re disabled.
Individual disability income insurance policies may be customizable, so you can prepare for the future. For example, you may be able to choose to add a rider to your policy that allows your coverage to grow as your salary increases.