Summary: Disability insurance provides financial protection by replacing a portion of your income if you're unable to work due to illness, injury, or mental health issues. This coverage is essential to maintain financial stability for you and your family.

Key Points:

• Purpose: Replaces lost income if you become disabled and cannot work.
• Types: Short-term disability insurance covers income for weeks to months; long-term covers for extended periods, potentially until retirement.
• Need: Important for those without employer-sponsored coverage or with insufficient coverage.
• Tax Implications: Employer-paid premiums may lead to taxable benefits. Self-paid premiums generally result in tax-free benefits.

For a more detailed explanation and to explore your options, please visit our Disability Insurance page