What is Disability Insurance?
Disability insurance is a form of coverage that will replace a percentage of your income should you be unable to work because of injury or illness. Most policies are written for a specific monthly benefit - the face amount of the coverage. The upper limit is typically between 50% and 70% of your earned income. 

Disability insurance is also known as paycheck protection or income protection. These products provide replacement income when a breadwinner is unable to work due to illness or injury. Disability insurance is essential coverage for business owners and high-earning professionals.
Types of Coverage
  • Personal Disability
  • Business Disability
Do you know your RISKS?
Are you prepared for a disability? 
FIVE questions every worker should ask. Illnesses and accidents are on the rise in America, causing more workers to miss work and lose income. At some time during their working careers, three out of every 10 workers will suffer a disability and be unable to work for a significant period of time. Loss of income can be devastating. 

Today, it’s more important than ever for workers and their families to understand how they would manage their regular expenses during a period of lost income and make sure they’re prepared. To help workers better understand how prepared they are should the unthinkable happen - a loss of income due to an accident or illness - 

Below are FIVE questions every worker should be asking: 
  1. What are my “necessary” monthly living expenses that would continue if my income stopped? (e.g., rent or mortgage, utilities, food, medical insurance, etc.)
  2. Would my personal savings pay for my “necessary” monthly expenses – for one month, three months, 6 months, longer? Would my savings cover my “out of pocket” medical expenses (deductibles and co-pays)? 
  3. Does my employer have a sick pay plan or long-term disability program, or both? Am I participating? When would it start, how much would it pay me and for how long? 
  4. What other sources of income might be available to help me pay for my expenses, and for how long? My spouse, family, second mortgage, credit cards? 
  5. Could I afford my medical COBRA premiums, and what would happen to the contributions to my 401k account?

    Disability Insurance
    Please be assured that the information you provide to us online will not be used for any other purpose other than in connection with your Individual Disability Insurance Quote Request and/or as required by law.
Types of Disability Insurance
  • Individual disability insurance - this type of policy is written specifically for the covered individual, with choices for coverage amounts, periods, exclusions, etc. The more comprehensive the coverage, the higher the cost. Policies are subject to standards of health, age, occupation, etc.
  • Group disability insurance through an employer - with employer provided plans, many of the decisions about policy definitions and structure have already been made. Coverage is more readily available to persons with health problems, but coverage stops when employment is terminated.
  • Social Security disability benefits - Federal programs that pay benefits to all disabled persons under age 65, and pay supplemental benefits to persons over age 65 who have limited incomes.
  • Workers compensation - state mandated coverage that pays benefits for persons disabled because of work related injuries or illnesses
  • VA benefits - Federal program that pays veterans who are disabled due to service related health problems
  • Federal Employees Retirement System - Program that covers Federal employees and pays up to 60% for the first year and 40%, thereafter.
  • State-sponsored coverage - several states (including California, Hawaii, New Jersey, New York and Rhode Island) pay short-term benefits to residents who are disabled due to issues not related to work.
Key Definitions 
Understanding these terms is critical to purchasing the right coverage
  • Total disability - Unable to work due to injury or illness
  • Partial disability - Unable to perform all of the duties of your occupation after returning to work following a disability - this is a transition state
  • Residual disability - Similar to partial disability, but payable based on reduced earning capacity - generally payable for the long-term
  • Presumptive total disability - Disability resulting from named occurrences such as loss of sight, hearing or limbs
  • Own occupation - Terminology used to define disability as the inability to perform the customary duties of one’s own occupation
  • Any occupation - Terminology used to define disability as the inability to work at any occupation, perhaps with the qualification of a comparable level of education or training
RENEWABILITY POLICY OPTIONS
Non-Cancelable
Protects policy holder from any changes to provisions or Premiums. (Iron Clad, but with higher premium)
GUARANTEED RENEWABLE
Protects policy holder from changes to provisions this is unlikely, and results in lower premiums.
Residual Rider
Covers you when you are only able to return to work part time. This rider will pay you the difference so you can maintain your lifestyle.
Occupation Type
TRUE OWN OCCUPATION
Is best for jobs that require manual dexterity

Consider
MODIFIED OWN OCCUPATION
for jobs not requiring high levels of dexterity