Your most important asset is not your home, your car, your jewelry or other possessions. It’s your ability to earn a living. Think about it: All of your plans for the future—from buying a home to putting your kids through college to building a retirement nest egg—are based on the assumption you will continue to earn a paycheck until you retire. But what would happen if those paychecks stopped? That’s where disability income insurance comes in. It provides an income to you and your family if you are unable to work because of illness or injury.
Unfortunately, the risk of becoming disabled is twice as high as the risk of early death. And most disabilities are caused by health conditions like stroke, heart attack or cancer—not by accidents or injuries. The fact is that just over 1 in 4 of today's 20-year-olds will become disabled before they retire.
What is Disability Income Insurance?
What are some Benefits of Disability Income Insurance?
Disability Income Calculator
Disability insurance is often overlooked, but it can play a critical role in your overall financial plan. This calculator may help you better assess the your household's "sources and uses" of money, which is one place to start when considering disability insurance.