Disability income insurance is a type of health insurance that provides a periodic payment to replace or compensate income when the insured is unable to work as a result of illness, injury, or disease. With disability income insurance you'll have coverage to protect you in the event of disability.
You may thinking that the odds are you may never become disabled but consider these facts: (1) 1 in 3 Americans will become disabled for 90 days or more before age 65. (2) The average disability absence is 2 and a half years in length. (3) More than 80% of Americans don’t have disability income insurance.
This calculator helps you determine how much disability insurance you may need to cover expenses during such a disability.