An illness or injury can stop you from working when you least expect it. Disability insurance provides a financial safety net, replacing part of your income so you can focus on healing without putting your family’s future at risk.
Key Features
- Typically pays about 60% of your salary if you’re unable to work, usually up to age 65
- “Own occupation” coverage pays benefits until you can return to your specific job
- Benefits start after an “elimination period” (usually 90 days)
- Premiums stay level until age 65
- Benefits are tax-free if you pay premiums with after-tax dollars
Why You Need Disability Insurance:
- 1 in 4 people aged 20+ will become disabled before retirement
- Average disability lasts almost 2.5 years
- Disability causes nearly half of all mortgage foreclosures
- Every 7 seconds, a working-age American suffers a disability lasting at least a month
- 80% of U.S. workers would run out of money within 2 months without income
Why Group Disability Insurance Isn’t Enough:
- Only 32% of U.S. workers have long-term disability coverage at work
- Coverage typically ends if you leave your job
- Benefits are often limited and don’t adjust for inflation
- Social Security disability is hard to qualify for and pays very little (about $1,017/month on average)
- Workers’ Comp covers only workplace injuries, but 95% of disabilities aren’t work-related
Business Owner Policies
Association plans may have rising premiums and coverage restrictions tied to membership dues or job status.
Business owners often need additional coverage to:
- Cover business expenses during disability
- Fund buy-sell agreements
- Protect key employees and loans
Without proper disability insurance, businesses risk liquidation or layoffs.
Ready to Protect Your Income?
Call us at (800) 442-9899 or click the button below for a quote or review of your current disability coverage.
