Disability income can help protect your most valuable asset, your ability to earn a living. When you can't work, it can help you and your family:
- Keep a roof over your head
- Maintain your daily routines
- Rest easy knowing the bills will get paid
Disability income insurance provides a monthly benefit for loss of income because of covered injuries or illnesses. After a predetermined time period, it typically pays a percentage of your income for as long as you're disabled, under your contract.
Three out of every 10 workers between the ages of 25 and 65 will experience an accident or illness that keeps them out of work for three months or longer.
If your paycheck suddenly stopped because of a disability, you'd still have to pay your mortgage or rent, utilities, car payment, groceries - and all your other monthly expenses.