Disability insurance pays out a monthly amount to prevent you from tapping into your savings so you and your family can keep paying your bills and maintain the same standard of living in the short- or long-term.
If you have an income stream that is not protected by your employer in case of sickness or injury, or you have self-employed business income and want to protect it from interruptions, then this insurance is for you.
Are you protecting your most valuable asset?
- The odds are 1 in 3 you’ll become disabled for 90 days or more before age 65.
- 75% of claims are for musculoskeletal injuries (like fractures, dislocations and sprains) and nervous disorders (like depression and anxiety).
- The average length of a disability is 5.75 years if it lasts longer than 90 days.