Personal Disability Insurance
Disability insurance protects you from income interruption due to accident or medical emergency. No one expects to be taken out of commission — even briefly. But a good disability policy provides protection just in case.
Statistics show that you are far more likely to experience a disability than you might think. A short-term disability lasting just a few weeks can derail your finances. A long-term disability can be financially catastrophic without proper coverage in place.
Protect it before you need to — disability can happen to anyone, at any time.
What is Disability Insurance?
Disability insurance replaces a portion of your income (typically 50–70%) if you become unable to work due to illness or injury. It’s one of the most overlooked — and most important — types of personal insurance coverage available.
While you’re working — Employer-provided disability benefits vary widely and may not cover all your needs. An individual policy ensures you maintain the coverage levels you require regardless of employment changes.
If you’re a business owner — Business Overhead Expense (BOE) coverage and key person insurance can keep your business running even if you’re unable to work.
Understanding Your Options
Short-Term Disability — Covers disabilities for a period of up to two years. Benefits usually begin after a short waiting period.
Long-Term Disability — Provides income replacement for extended periods, potentially to age 65.
Private vs. Government Plans — Government programs exist, but private policies provide more dependable, customizable coverage.
Disability Insurance — Coverage Types Can Include:
- Individual policies