Disability Insurance

Disability insurance is coverage that will replace a portion of your monthly income if injury and/or illness prevents you from working. It provides financial security for you and your loved ones who depend on your most valuable asset- your ability to earn a paycheck.

Long-term Disability Insurance

• Pays out monthly if you become ill or disabled.
• Benefit period can last two, five or 10 years, or even until retirement.
• The monthly benefit can be up to 60% of your gross monthly income.
• The cost is generally 1% to 3% of your yearly income.
• Can be purchased individually or as a group benefit.

Short-term Disability Insurance

• Replaces a portion of your paycheck- up to 80% of your pre-tax income if you become ill or disabled.
• Benefit period is typically between three and six months.
• Complements Long-term insurance policies.
• Often offered by employer