Disability Income (DI) Insurance
You and your family depend on your income. Protect your quality of life with disability income insurance.
What DI Provides
If you become too sick or injured to work for more than a month, Disability Income (DI) insurance replaces a portion of your income. Benefits can replace more than just your salary, including bonuses and commissions.
At a minimum, DI should cover your usual living expenses, including routine bills, mortgage payments, and college tuition. But you may choose to be insured for the highest percentage of your previously reported income that you are eligible for. The best DI policies typically cover up to 60 or 65% of your previous income.
Protect Your Retirement Savings
If you become too sick or hurt to work, disability income insurance may help you avoid using your retirement savings to cover income gaps. You may also be able to purchase a DI policy to continue saving for retirement while you’re disabled.
Many DI policies will even provide coverage if you can work at another occupation. This is especially the case for medical professionals, who earn significant money in physically demanding occupations. What happens if you no longer have steady hands, or are no longer able to lift a patient?