Disability insurance helps you meet your financial obligations by replacing your income if you have to stop working as a result of an accident or illness.
This type of insurance meets your needs if:
- You don’t have group insurance coverage
- You’re in business with partners or you’re self-employed
- Pays a monthly benefit in the event of disability
- Benefit amount is based on a percentage of your regular earnings (salary, commissions, etc.)
- Allows you to use the benefit as you see fit