One in three working Americans will face a disability lasting three months or more before retirement. Disability insurance replaces up to 70% of income tax-free after a 90-day waiting period, covering you if illness or injury stops your paycheck.
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Here's the problem. Every year, on average, 11% of the U.S. population between the ages of 20 and 60 suffer some sort of illness or injury that prevents them from working and earning a paycheck. In fact, 3 out of 10 of us will be disabled for at least 3 months before we retire. What would you do if you lose your ability to work and earn a paycheck every month? And how you would get by without an income for 2 or 3 years, or maybe for the rest of your life? How will you make your mortgage payments? Disability insurance can replace up to 70% of your earned income with a tax-free cash benefit every month when an illness or injury, partial or total, temporary or permanent, prevents you from working for at least 90 days. Disability insurance can provide you with tax-free monthly income.