Disability Income Insurance
It’s Never too Early to Be Safe
If you become too sick or injured to work for an extended period of time, Disability Income Insurance could help cover a portion of your income, including bonuses and commissions. It’s important to know that even if you have group long-term disability insurance through your employer, it may not be enough.
Benefits that Keep You Moving Forward
Income Protection
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.
Retirement Protection
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.
Customizable Coverage
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.
So How Much Disability Insurance
Do I Need?
At minimum, your disability income insurance should cover your necessary living expenses. However, it is recommended you work with a financial professional who can help you determine an appropriate amount of coverage.