Disability Insurance

Disability Income (DI) Insurance

Disability insurance is also called disability income (DI) insurance. If you become too sick or injured to work for an extended period of time, DI could help cover a portion of your income, including bonuses and commissions. It’s important to know that even if you have group long-term disability insurance through your employer, it may not be enough.

The benefits are tax-free because the policyholder used after-tax dollars to pay premiums. The policy pays a benefit in the event illness or injury prevents the policyholder from earning their usual income in their occupation. Self-employed individuals and small business owners must go it alone when it comes to disability income. Even if an injury is work-related, an independent business owner may not claim Worker's Compensation for themselves.

Here are few reasons we will make you help take decision and will completely make sense for you:

  • Disability income (DI) insurance provides benefits to insureds who are disabled as a result of injury or illness and cannot perform normal work duties.

  • Disability income insurance pays a portion of an insured's income, typically no more than 60%.

  • DI policy premiums typically range between 1.5% and 3% of an insured's gross income.

  • Most disability income policies contain a waiting period, in which benefits cannot be paid from a qualifying disability.

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