If you are like most people, you have insurance on your house, your car and other items of value. But, you may have overlooked protecting what is often your most valuable asset – your ability to generate an income. The same income that allows you to accumulate, and pay for, the other assets you hold dear. Disability income insurance helps protect a portion of your income and provides a fundamental layer of security for your financial future.
Insuring your most valuable asset
What is it?
Insurance protection that pays benefits if you are disabled and unable to work because of an accident, illness or injury.
Who needs it?
If you depend on your income to pay the bills or maintain your lifestyle, you should consider disability income protection.
What is covered?
A percentage of your earned income is covered. Generally speaking, the benefits paid on an individually owned disability income insurance policy are tax-free*.
Take a few moments to use our calculator to determine the effects on your financial security
if you were to become too sick or hurt to work.
Prefer to speak to someone about disability income insurance?
TALK TO A FINANCIAL PROFESSIONAL
These policies have exclusions or limitations. For costs and complete details of coverage, contact your agent.
*The information provided is not written or intended as tax or legal advice and may not be relied on for purposes of avoiding any Federal tax penalties. Individuals are encouraged to seek advice from their own tax or legal counsel