What is Disability Income Protection Insurance?

Disability Income Protection Insurance is a monthly benefit paid to an individual to replace earnings lost in the event you are unable to work due to an accident or illness.

What Questions You Need To Ask Yourself?

• What will happen to your dependents, your home, and future plans if you become sick or injured and can't earn money?
• How long will your savings last?
• Would your spouse's or partner's income be sufficient to make up the shortfall?
• What would happen to your credit should you be unable to pay bills?

• No one knows when the unexpected can occur. While unexpected loss isn't part of anyone's personal plans, it should always be considered in our financial plans.
• The younger and healthier you are, the better your rates will typically be.

If you already have life insurance coverage, are you sure you are properly covered? Our lives are constantly changing, and each change can affect our financial situation and needs. Annual policy reviews should be part of any life insurance strategy.
Many factors may influence the effectiveness of your life insurance coverage without you realizing it, such as: Marriage, the birth or adoption of children, the purchase of a new home, or a new job or promotion

• Life Insurance
  Provides income replacement in the event you or your spouse dies
• Whole Life Insurance
  Guaranteed permanent protection and cash accumulation combined with tax-advantaged access to cash value.
• Universal and Variable Universal Life Insurance
  Universal Life provides permanent protection with the flexibility to adjust premium payments. Variable Life offers permanent protection combined with investment potential.
• Term Insurance
  Cost-effective short-term protection for a fixed period of time.
• Executive Benefits Program
  Powerful, tax-advantaged solutions that help key employees fill retirement income gaps.

• Disability Insurance
  Helps keep finances on track if one of you becomes ill and can no longer work
• Individual Disability Products
  Offering exceptional protection to safeguard your income.
• Small Business Protection Products
  A fully integrated approach to protecting your business.
• Supplemental Disability Income Protection
  Flexible, robust coverage for your employees.

What is your disability Quotient?
Find out your chances of becoming disabled with this personal, interactive calculator.
Personal Disability Quotient

How much income replacement will you need?
Evaluate your monthly expenses to determine your risk. As a general rule, you may be eligible for a monthly benefit equal to about 60% of net salary or business income.
Please try the Disability Calculator

There's a common belief that as long as you have medical and disability income coverage, you can handle the financial impact of a critical illness. But it's not true. Several medical expenses related to a critical illness aren't covered by medical or disability insurance – treatments, doctors' visits, deductibles, and out-of-pocket expenses. There are also uncovered non-medical expenses like lost wages, travel, and child care that can really add up and bankrupt even financially healthy families.

Critical Illnesses are common. 9 out of 10 consumers know someone or have a family member who has suffered a critical illness. Critical illness can potentially affect virtually every family.

Critical Illness insurance is a valuable benefit that can help alleviate the financial burden of a critical illness:

• Pays a benefit upon a qualified diagnosis of Critical Illness: heart attack, cancer, stroke, major organ transplant, end-stage renal failure, or coronary artery bypass graft (CABG).
• Lump sum payments are available. Amount is determined according to your need.
• Hospitalization payments are available per day due to a non-critical illness such as an accident or injury. Again, amount is determined according to your need.

Ready for the two most important pieces of retirement planning advice you'll ever hear?

1. Start now.
2. No really, start now.

The thing is, no matter where you are in your working life, the time to start saving for retirement is immediately. That's because the sooner you start saving, the more you could potentially end up with when you're ready to retire. A critical consideration in putting together a plan to save for retirement is to have a working estimate of how much money you'll need to have saved by the time you're ready to stop working. Your target number will be driven by factors such as — your lifestyle, health issues, tax bracket, retirement age, and cost of living, among others.

• Annuities – Fixed / Variable / Immediate –
  Guaranteed income to last a lifetime.
• IRA's – Traditional / Roth / RollOver –
  Tax-advantaged solutions for life after work.
• 401(k) Funding Vehicle Products –
  Products to attract and retain top talent.

If you become disabled, how will your business survive without you? Your revenue would likely decline, but your expenses would probably stay the same - or even increase. You may be forced to consider drastic measures like terminating employees, taking on debt or even closing your business.

Overhead Expense Disability Insurance is a cost effective way to ensure that your business can meet its ongoing expenses during a period of disability by:

• paying ongoing expenses such as rent, utilities, taxes, mortgages, and more
• paying up to 80% of the salary of your temporary replacement
• paying the salary and benefits of your employees
• making interest and installment payments on loans

Features include:

• true "own-occupation" coverage - provides benefits when accident or illness prevents you from performing your occupation, even if you are at work in another.
• Carry-over Provision - accommodates fluctuating monthly expenses by allowing any unused portion of your maximum monthly expense benefit to be made available for use in months when expenses exceed the maximum monthly benefit
• Extension of Benefits - allows payments to continue beyond the maximum benefit period (but not to exceed two times the number of months in that period) if the benefits paid are less than the maximum monthly overhead expense benefit
• guaranteed renewable to age 65 - as long as your premiums are paid
• choice of benefit periods - 12, 18 or 24 months
• choice of waiting periods before benefits begin - 30, 60 or 90 days

Optional Riders

• Partial Overhead Expense Benefit - offers coverage during a partial disability to reimburse the difference between current expenses and current gross monthly revenue (up to the monthly benefit maximum)
• Future Purchases Option - gives you the option to apply for increases to your coverage each year to help your benefits keep up with inflation and any corresponding increases in your expenses, without the need to provide additional proof of medical insurability (available until age 55)