Disability Income

Individual disability income insurance is designed to protect your income if you can’t work due to illness or injury. Typically, disability income is designed to replace between 45-65% of your gross income on a tax-free basis. The chance of missing months or years of work because of injury or illness may seem far-fetched, especially if you’re young and healthy and work at a desk. But more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration.