Why Disability Insurance?

Have you ever wondered what would happen to your income if you had an accidental injury, sickness, or pregnancy? That is why you need disability coverage. It replaces a portion of income for the period of time you are unable to work due to those reasons.

You are able to choose the benefit amount which is the amount of your income to replace, and the waiting period that you begin receiving payments.

How do you decide if you need disability insurance?

Consider these questions when making your decision:

• How much employer leave do you have?
• Do you have savings?
• Do you have other income you can rely on, such as from your spouse or from child support?
• How close are you to retirement?
• Could you go on Social Security Disability or take a Disability Retirement?
• What are your other sources of income?

Plan Options:

Maximum Duration of Benefits – Option 1 – SSNRA/5 years pays for Accident/5 year Sickness

• Disability caused by sickness: 5 years maximum, regardless of age. (for a longer period, look to option 2)
• Disability caused by accident: Benefits are payable to SSNRA, with the following maximum durations if disability begins after age 64:
• Disabled at age 65: 2 years
• Disabled at age 66: 1 year, 9 months
• Disabled at age 67: 1 year, 6 months
• Disabled at age 68: 1 year, 3 months
• Disabled at age 69 or older: 1 year

Maximum Duration of Benefits – Option 2 – SSNRA pays for Accidents and Sickness (SSNRA=Social Security Normal Retirement Age)

• Disability caused by sickness or accident: Benefits are payable to SSNRA, with the following maximum durations if disability begins after age 64:
• Disabled at age 65: 2 years
• Disabled at age 66: 1 year, 9 months
• Disabled at age 67: 1 year, 6 months
• Disabled at age 68: 1 year, 3 months
• Disabled at age 69 or older: 1 year