Disability Insurance

Disability insurance is a policy that helps you and your family if you suffer from an unexpected and unfortunate illness or injury. It will pay you a monthly or bi-weekly income while you're recovering, and it can help you stay home if you need to.

Disability Insurance replaces a portion of your income for a set amount of time if you become disabled. It aids in the event: you're permanently handicapped because of your illness or injury and/or you're temporarily unable to work.

Employers often offer disability insurance, but you can get your own disability insurance plan if you have a life and health insurance agent. If you're self-employed, you can get disability insurance that will cover some of your expenses if you can't work.

Benefits of Disability Insurance is that it can provide 80-90% of your salary, protect your retirement savings, and it protects yourself and your family when in an unfortunate circumstance.

The cost depends on the coverage amount, your age, occupation, the waiting and benefit period, and your health.