Disability Insurance

What is it?

What is the most valuable asset you own? Think about it. The answer is, your ability to earn a living. What would happen if you became ill or injured and could no longer work?

Your earning potential is a far more valuable asset than a home or car. Disability insurance is there to replace your lost income. What’s the chance that you’ll lose the ability to work? It’s more likely to happen than you’d imagine.

Why would you need it?

Most people recognize the need for life insurance, but some don’t truly understand the need for disability insurance. The fact is, when you are disabled, your income stops – but your bills don’t. Worse, if you have family who will take care of them?

Did you know that:

  • 1 in 3 people, on average, will be disabled for 90 days or more at least once before they reach age 65?
  • A disability can last for months or even years?

If you're ready to consider purchasing, our consultants will provide you with the advice to find the right type of coverage.

What are the chances i’ll be disabled?

Age 25 30 35 40 45 50 55
Percentage 58% 54% 50% 48% 40% 30% 23%

Consider these situations:

  • A person spends months recuperating from a car accident.
  • A carpenter breaks an arm while skiing and can’t work for eight weeks.
  • An overworked doctor must “take it easy” after a heart attack.
  • Chemotherapy saps the energy of a busy store manager.
  • A stroke affects a computer programmer’s ability to reason with numbers.
  • An individual has been diagnosed with major depressive disorder following a traumatic event.

Calculate It

Monthly Income

Income from current group disability coverage:

Income from spouse or other family members:

Income from current individual disability coverage:

Monthly Investment Income:

Monthly Expense

Outstanding Bills(?):mortgage or rent, car, utilities, etc.

Financial Expenses(?):Insurances, investments, education funds, retirement contributions, etc.

Monthly Expenses(?):Food, clothing, etc.

Monthly Investment Income(?):Health, maintenance, childcare etc.

Need for additional monthly income due to disability

0$

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