While many people cover their life with insurance to protect their loved ones, many neglect the potentially devastating risk of becoming disabled. Limited replacement income is available for workers under some circumstances from workers compensation (if the injury or illness is job-related), auto insurance (if disability results from an auto accident) and the Department of Veterans Affairs. For most workers (even those with some employer-paid coverage) an individual disability income policy is the best way to ensure adequate income in the event of disability. When you buy a private disability income policy, you can expect to replace from 50% to 70% of income. When you pay the premiums yourself, disability benefits are not taxed. (Benefits from employer-paid policies are subject to income tax.) Disability Insurance can be purchased to cover either a short-term or long-term benefit period.
With the experience and expertise to help you decipher the disability options available to you we are here to help you make an informed decision and protect your family from potential hardship.