Disability Income Insurance
Most people don't realize the risk of becoming disabled, permanently or temporarily, at some point in their lives. But the reality is that at age 40, your chances of becoming disabled for 90 days or more prior to age 65 is 43%. (Source: 2004 Field Guide, National Underwriter) Disability income insurance is designed to replace one’s income when they are no longer able to work due to a disability. There are many different elements that make up a disability income insurance policy so it is important to understand when and how one will receive the disability income if the need arises.


-If you are ill for a longer period of time or injured your life changes radically.Your best defense against such a financial catastrophe may be the purchase of a disability income insurance policy with enough coverage to compensate for your lost wages.
-disability income insurance replaces part of your income if you become unable to work due to an injury or illness. It provides you with cash that you can use for paying your mortgage or rent, buying groceries, and meeting your daily living expenses.
-disability income insurance provides replacement income to individuals who are unable to earn income from work as a result of an extended illness or injury.
-disability income insurance is needed by everyone who earns a living!!!

• Remember about two main types of disability income insurance: employer-sponsored (or "group") policies and private policies.
• Many people with group policies may have a false sense of security due to the mistaken belief that the group policy would provide enough money to meet spending needs. In reality, it may also be necessary to supplement group coverage with private coverage.
• Among those most likely to need disability income insurance coverage are small-business owners, the self-employed, high-income professionals, and anyone who is the primary earner in his or her household.
• Disability income insurance coverage varies based on your occupation.