Disability insurance is designed to provide an income stream if you are unable to work due to injury or illness. While many employees have access to group disability insurance through their employers, these benefits may be taxable. Some individual policies paid for as an out-of-pocket expense can provide income tax-free benefits, and may replace a larger percentage of your monthly income. When choosing a policy, you may wish to evaluate the following features:
You may also wish to purchase a policy that is non-cancelable (one the insurer can never cancel) and guaranteed renewable at the same price as long as your premiums are paid on time.
We have answers. Our Financial Professionals have the skills, knowledge and experience to guide you in crafting and implementing an effective plan designed to reflect your unique investment and retirement goals – or simply answer any questions you may have. Let one of our Financial Professionals walk you through the process every step of the way and review which options are best suited for you to help you feel more secure and worry a little less.