Disability income insurance is a safety net to keep your finances on track when life throws you a curveball. We recognize the importance of keeping your income and earning potential protected, especially during uncertain times when illness or injury prevents you from bringing home a paycheck.
This type of insurance replaces a portion of your income when you miss work because of a covered disability.
Insuring what you earn is crucial, which is why disability income insurance is essential. You insure your home, your car, and other possessions, but your income and earning potential are more valuable than any of those. Disability income insurance is protection for your income, and we can help you find the right coverage for you.
One of the major benefits of disability income insurance is that it keeps your finances on track during difficult times. 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.
We offer affordable monthly protection, typically costing between one and three percent of your salary. Pricing varies based on the benefit period, elimination period, and benefit amount you choose. If you’re unable to work, the money you receive from disability income insurance can help you avoid draining savings or retirement accounts, which allows you to take advantage of these accounts when you need them most.
The coverage offered is flexible, allowing you to choose how long you wait to get paid, as short as 30 days, and choose how long you receive benefits, from one year up to retirement age.
Tailored Policy is committed to finding insurance solutions that fit your needs. Everyone’s situation is different, but generally speaking, you should consider a monthly benefit that covers your monthly living expenses. The amount of coverage you choose is up to you, and if you can’t afford that much coverage right now, you can pick a benefit amount that covers a few of your most important monthly expense items.
The U.S Social Security Administration reports that one in four people over the age of 20 will become disabled during their working lives. The Council for Disability Awareness also reports that 90% of long-term disabilities result from illnesses rather than accidents. Life is unpredictable, but protecting yourself with disability income insurance is a step towards taking control of your financial future.
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