Disability Insurance

What is disability Insurance?

Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue. And the duration of a disability can be either short- or long-term

Why should you purchase disability insurance?

• You can receive a portion of your latest income in the event that you get disabled. This can help pay for your monthly bills and daily needs. This way you can avoid unwanted situations like foreclosures and the prospect of having to file for bankruptcy in case you are unable to earn an income due to disability.
• With disability insurance, you are able to have a more complete set of protection for your income. You need to protect your income to make sure that your family can still have your needs even at your death or disability. Disability insurance is also important since one may survive a catastrophic event such as an accident or a serious illness but be left with disability.
• Disability insurance payments from private sources will not affect what you receive from government-administered compensation plans such as Social Security disability.

With disability insurance payments, you can get more money to spend on other needs, such as therapies or medications during your recovery from disability.