Individual Disability Income Insurance
Individual disability income insurance provides personalized income protection tailored to your occupation, income, and circumstances, with definitions, benefit structures, and provisions that you own and control.
Protection You Own and Keep
Unlike employer sponsored coverage, an individual policy belongs to you. It stays in force as long as premiums are paid, regardless of where you work, and benefits are generally received income tax free when premiums are paid with after tax dollars.
This makes individual coverage particularly valuable for professionals whose income and occupation are central to their financial life, and who want continuity that does not depend on an employer relationship.
Occupation Definitions
The definition of disability is the heart of a policy. An own occupation definition generally considers you disabled if you cannot perform the duties of your own occupation, even if you could work elsewhere. An any occupation definition pays only if you cannot perform any occupation. The broader definition typically costs more but protects more.
Some policies offer specialty definitions for particular professions. We help you understand which definition a policy uses and what that means in practice for your work.
Benefit Structures
The benefit amount, the elimination period, and the benefit period together define what the policy pays and when. A policy might replace sixty percent of income, after a ninety day elimination period, for five years or to age sixty five. These choices trade off against premium.
We help you align the benefit structure with your expenses, reserves, and the length of time you would need income replaced.
Residual or Partial Disability Provisions
Not every disability is total. A residual or partial disability provision pays a reduced benefit if you can work but lose income due to a qualifying condition. This is especially relevant for professionals who might return to work part time after an illness or injury.
Understanding how residual benefits are calculated, and for how long, is part of choosing the right policy.
Potential Riders
Riders can add features such as cost of living adjustments to benefits, future purchase options to increase coverage as income rises, or catastrophic benefits for severe disabilities. Each rider adds cost, and whether it is worthwhile depends on your circumstances and risk tolerance.
Our Approach
We match the definition, benefit structure, and riders to your occupation, income, and budget. The goal is protection that behaves the way you expect if you ever need it, not a policy that looks right on paper but falls short when it matters.