Individual Disability Income

Individual disability income insurance is designed to protect your most important asset, your income! Individuals who are self-employed face the possibility of "loss of income" due to an unexpected illness or accident.

Individual disability income (DI) insurance provides a replacement of a PERCENTAGE of that income. Proof of income (a copy of the most recent tax return) is required when applying for this coverage.

It is very important, when evaluating and/or purchasing a DI policy, to understand what the definitions and accompanying benefit levels are. A professional insurance broker can help answer your questions.

Plan Features

• Optional base benefit increase
• Cost of living adjustments (COLA)
• Own occupation coverage
• Any occupation coverage
• Partial disability benefits
• Your choice of elimination periods
• Your choice of duration of benefits

Disability Statistics According to the National Association of Insurance Commissioners (NAIC):

• A male U.S. worker at age 35 faces a one-in-five chance of a disability taking him off his job for 90 days or longer.

• Before a 35-year-old woman reaches retirement age, she faces a nearly one-in-three risk of a disability lasting at least 90 days.

• The risk of a long-term disability during a worker’s career is greater than the risk of premature death. Yet most workers would never think of going without life insurance protection for their families.

The most common causes of long-term disability are:

• Injuries to the muscles, bones, or joints (27%)
• Heart and blood vessel problems (13%)
• Spinal system diseases (12%)
• Cancers (10%)
• Injuries and poisonings (9%)
• Mental disorders (6%)

(JHA, Inc., 2006 Risk Management Study)

Income Replacement