Insurance & Investments / Disability Income Insurance

Supplemental Individual Disability Income Insurance

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How much of your income is protected through your workplace benefits?

Nobody thinks it will happen to them, but one in eight workers will be disabled for more than five years*. Luckily, there are a few ways to protect yourself against the financial implications of becoming too sick or injured to work and earn an income.

A good start to protecting your income is disability income insurance provided through - and often paid for by - your employer. Such a policy typically covers 40-60% of pre-disability salary, often up to a set benefits cap. While this type of insurance can serve as a good foundation for protection, it may not be enough to support you and your family if you’re too sick or injured to work. Purchasing supplemental income protection (disability insurance) can be a great way to enhance and tailor your coverage to protect the life you’ve built.

Take a look and see if this kind of insurance is available to you at work, and if not, reach out to your employer’s human resources or benefits administrator.

  • A bigger safety net. Supplemental individual disability income insurance is tailored to your specific compensation and can cover your bonus and other incentives.

  • Individually owned policy. It belongs to you, even if you change jobs.

  • No medical exam required. Applying for this coverage is easy, because there is no medical exam and you just need to answer three simple yes/no questions.

  • Your coverage and costs remain fixed. As long as you make payments on time, your policy can’t be changed or cancelled.

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.

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.

* NAIC 1985 Commissioners Disability Insurance Tables A and C, assuming equal weights by gender and occupation class