Personal Income Protection Planning
Protect your future earned income.
Disability Insurance replaces income in the event you become sick, injured, or unable to work.
Disability Policy’s pay a stated monthly income replacement benefit amount for a fixed period of time. Income protection planning is a cornerstone of personal financial planning.
- Typically 60% replacement ratio with stated benefit cap.
- Benefits received are not income-taxable.
- Policy contracts vary widely.
- Disability Insurance can be designed to either upgrade or limit benefits.
- Indexed with inflation
- Partial disability language
- Future purchases
- Group Disability provided by an Employer is the most common type of coverage. Benefits received are income taxable.
- Personal Disability Insurance helps to protect and supplement income not covered by Group DI.
If you would like to evaluate your personal/current income protection plan, contact us today!
