Disability Income Insurance pays the insured person an income in the event the person is unable to work due to some sort of injury or illness.
Most people purchase insurance to cover assets such as a home, car or other personal
items. But consider for a moment that the most important asset you have is your income. The loss of your
income would have a tremendous impact on the ability for you and your family to maintain your current
standard of living.
Add to that the fact that 3 out of every 10 workers will suffer from some type of
temporary or permanent disability during their career that will result with a reduction or elimination of
your ability to earn income. It becomes easy to see why Disability Income Insurance is considered by
many financial advisors to be the foundation for solid financial planning.
There are many choices to make when considering whether to buy and what types of
Disability Insurance might be right for you. It is critical to work with a financial consultant that has
spent time understanding your specific situation, that has knowledge of the wide range of product choices
available and is familiar with the various tax considerations pertinent to the purchase of Disability