Disability InsuranceProtect Your Most Valuable Asset
Your income is your most valuable asset. Protect your financial future with comprehensive disability insurance that replaces up to 60% of your income when you can't work.
Disability Insurance by the Numbers
Types of Disability Insurance Coverage
Short-Term Disability Insurance
Best For:
- • Pregnancy and childbirth recovery
- • Surgery and recovery periods
- • Temporary injuries
- • Short-term illnesses
Long-Term Disability Insurance
Best For:
- • Chronic diseases
- • Severe injuries
- • Mental health conditions
- • Progressive illnesses
Group vs Individual Disability Insurance
| Feature | Group Coverage | Individual Coverage |
|---|---|---|
| Cost | Lower (employer subsidized) | Higher (full premium) |
| Coverage Amount | Limited (often 60% max) | Customizable (up to 80%) |
| Portability | Lost when leaving job | Stays with you |
| Tax Treatment | Benefits taxable | Benefits tax-free |
| Definition of Disability | More restrictive | More favorable |
Key Coverage Considerations
Occupation Class
Your job determines your risk class and premium rates. Office workers typically get better rates than manual laborers or high-risk occupations.
Definition of Disability
"Own occupation" coverage pays if you can't do your specific job. "Any occupation" is more restrictive and pays only if you can't do any job.
Elimination Period
The waiting period before benefits begin. Longer elimination periods reduce premiums but require more savings to bridge the gap.
Benefit Period
How long benefits last. Options range from 2 years to age 65. Longer benefit periods provide more security but cost more.
Renewability
Non-cancellable and guaranteed renewable policies protect you from rate increases or cancellation due to health changes.
Riders & Options
Add-ons like cost of living adjustments, residual benefits, and future increase options enhance coverage but increase cost.
How Much Coverage Do You Need?
Income Protection Formula
Coverage Recommendations
High Earners ($100k+)
Individual policy essential. Group coverage typically insufficient. Consider "own occupation" definition.
Middle Income ($50k-$100k)
Supplement group coverage with individual policy. Balance elimination period with premium cost.
Young Professionals
Start with basic coverage. Add future increase options to grow coverage with income.
Common Disability Insurance Myths
❌ Myths
"Workers' comp covers me"
Only covers work-related injuries, not illness or off-duty injuries
"Social Security is enough"
Strict requirements, low approval rate, limited benefits
"I'm young and healthy"
90% of disabilities are due to illness, not accidents
"Group coverage is sufficient"
Often limited to 60% income with restrictive definitions
✅ Facts
Comprehensive protection needed
Individual disability insurance covers any qualifying disability
Multiple income sources important
Disability insurance provides reliable, tax-free income
Early protection is cheaper
Premiums based on age and health at application
Individual policies are portable
Coverage continues regardless of job changes
Protect Your Financial Future Today
Don't wait until it's too late. Get a personalized disability insurance quote and secure your most valuable asset – your ability to earn income.