Disability Insurance

Disability Insurance, often called DI or disability income insurance, is a form of insurance that insures the beneficiary's earned income. For example, in the event that you may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to complete the core functions of your work.

If you're unable to work due to a sickness or injury, disability insurance can help you meet expenses and maintain your standard of living. It can help you pay bills like your mortgage, tuition and car payments, and help cover expenses for food, clothing and utilities. By replacing a portion of your income, disability insurance can help provide financial security until you get back on your feet and return to work.

It encompasses paid sick leave, short-term disability benefits, and long-term disability benefits. Short term disability insurance can replace a portion of your income during the initial weeks of a disabling illness or accident. Long term disability can replace a portion of your income after those initial weeks, for an extended period. Individual disability insurance can provide protection for people who do not have disability insurance available through their workplace or may be used to supplement group coverage through their workplace 

Statistics show that in the US a disabling accident occurs on average once every second. In fact, nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.