Disability Income / Income Protection

Income Protection Through Disability Income Insurance

A disability can interrupt income and create financial pressure for individuals and families. Group disability coverage provided through an employer may not replace all income and may have benefit limits, exclusions, or tax considerations.

An individual disability income insurance policy can help supplement group coverage and may help protect a portion of income if sickness or injury prevents an individual from working. Benefits from an individually owned disability income policy may be generally tax-free when the insured pays the premiums with after-tax dollars. Tax treatment depends on individual circumstances.

Many individual disability income insurance policies offer non-cancelable and guaranteed renewable features. Specific features, premiums, exclusions, limitations, and definitions of disability vary by policy and carrier.