Insurance & Investments / Disability Income Insurance

Individual Disability Income Insurance

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How Long Could You Afford to Live Without a Paycheck?

You rely on your income to fund every aspect of your life. If you are like one of the millions of Americans who unexpectedly becomes unable to work each year due to illness or injury, the last thing you want to worry about is how to continue paying your bills without an income.

A common misconception about disability income insurance is that its sole purpose is to cover against catastrophic events resulting from accidents.

In fact, illnesses like cancer, depression, and multiple sclerosis far more often impact your ability to work and support yourself and your family.  Individual disability income insurance is designed to protect your income if you cannot work due to illness or injury. 

Did you know?

90

of disabilities are caused by illness1

10

of disabilities are due to injuries1

1 in 4

of today’s 20-year-olds will become disabled before retiring2

The Time to Consider Protecting Your Income is Now

  • Apply While You’re Healthy. You get the most favorable terms by buying disability insurance before you need it. Once you’re too sick or injured to work, you usually can’t get the protection you need.

  • Lock in Pricing. Once you have your policy, the amount you pay each month is guaranteed, and the insurance company can never cancel your coverage as long as you make your payments on time.  

  • Secure Coverage While on the Path to Your Career. If you’re studying to become a professional such as a doctor, dentist, or a lawyer, you can apply for insurance before you graduate, with options to increase coverage as your income grows.

  • Customize Your Coverage. You can select options to customize your protection. These options can let you increase coverage as your income grows and help keep pace with the cost of living. You can even buy coverage to help you replace your retirement plan contributions or protect your ability to repay student loans during a period that you can’t work due to sickness or injury.

Keep Student Loan Payments On Track

You can protect from $500 to $2,000 per month in student loan payments. Download the PDF to learn more about this option.

1 Council for Disability Awareness, 2014 Long-Term Disability Claim Review.

2 Gen Re, U.S. Individual DI Risk Management Survey 2011, based on claims closed in 2010.

Individual disability income products underwritten and issued by Berkshire Life Insurance Company of America, Pittsfield, MA, a wholly owned stock subsidiary of The Guardian Life Insurance Company of America (Guardian), New York, or provided by Guardian.  Product provisions and availability may vary by state. Optional riders are available for an additional premium. 

This website is provided for informational purposes only and should not be considered tax or legal advice.  Please contact your tax or legal advisor regarding the tax treatment of the policy and policy benefits.  You should consult with your own independent tax and legal advisors regarding your particular set of facts and circumstances.  The information provided is not intended or written to be used, and cannot be relied upon, to avoid penalties imposed under the Internal Revenue Code or state and local tax law provisions.