Disability Income Insurance

Overview

If you become sick or injured and cannot work, disability insurance replaces about 60% of your gross income — generally amounting to your actual take-home pay. Because health insurance only covers the cost of your medical procedures and recovery, disability insurance is a necessary supplement to pay for your everyday bills and expenses. It’s crucial that anyone who relies on an income for their everyday expenses gets a disability plan — getting coverage safeguards you against the risk of missing payments on your mortgage, utilities, and other bills.