Disability Insurance
Protection for your most valuable asset - your income. Individual disability insurance is income continuation, or replacement income. If you're injured or become ill, your disability benefit will replace a percentage of your income while you're unable to work. Income protection insurance pays you so you can pay your mortgage, or rent, buy groceries and meet other ongoing living expenses.
Why do you need disability income insurance?
If illness or injury kept you from bringing home a paycheck, how would your family make ends meet? Disability income insurance can help. It replaces some of your lost income so you can continue to pay your mortgage, utilities, childcare, and other everyday expenses.
How much disability income insurance do you need?
Everyone’s situation is different, but generally speaking, you should consider a monthly benefit that covers your monthly living expenses. For many, that amount is the same as their monthly take-home pay, generally 60–70% of their gross monthly income.