May is “Disability Income Awareness” month, which makes this a good time to share information about the benefits of disability income insurance. Think of this coverage as insurance for your paycheck; it can help protect your earned income if your health suffers a setback.

Disability income insurance is a protection product that provides benefits while you are unable to work. If you become sick or injured and are unable to earn income, will you still be able to pay your bills and keep the lifestyle you are accustomed to?

Disability Income vs. Workers’ Compensation

There is a big difference between workers’ compensation and disability income insurance. With workers’ compensation, you have to be injured on the job in order to collect. Disability income insurance, on the other hand, covers  you no matter where you suffer an injury or illness. It can help you maintain your lifestyle and pay bills while you are unable to work.

Benefits of Disability Income

There are many benefits to having a disability income policy. Disability insurance can protect you 24 hours a day, seven days a week, with worldwide coverage. Full coverage can provide for any length of benefit periods you want to select. For example, it can cover a two-year period, a five-year period, or even a benefit period to age 67. In addition, you can tailor the policy to your needs by adding any of the 10 riders available.

Knowing how important a disability income insurance policy can be to protect not only your loss of income but all of your family needs due to that loss of income, doesn’t it make sense to make sure you have this insurance in place?