Disability Insurance

Disability Insurance

Disability insurance is essential for replacing your income if you become unable to work due to illness or injury. Typically, it covers 60% to 85% of your income, and the benefits are tax-free. Disabilities can arise from various causes, including injury, serious illness, or mental health issues. You can choose coverage for disabilities caused by both injury and illness or opt for a more affordable plan that covers only injury, which doesn’t require a medical exam during underwriting.
While many employers offer disability insurance, it's also available through life insurance brokers. For self-employed individuals, disability insurance is crucial, as it can help cover business expenses if you're unable to work. Be sure to fully understand the terms and conditions before purchasing a policy.