Although most of us are aware of the need for health insurance coverage when determining our risk-managing needs, many fail to consider the possibility that we could become disabled. Disability Insurance can help replace lost income due to an illness or injury. We can help customize a policy to meet your specific needs and budget.

What are a few key features of Disability Insurance?

• Monthly Benefit Amount
• Elimination Period
• Benefit Period
• Residual Benefit
• Catastrophic Benefit
• Cost of Living Rider
• Future Benefit Increase
• Benefit Update Riders
• Recognition of Occupation

Source: Principal Life Disability Insurance claims payments issued in 2013. The above is for illustrative purposes only and is not intended as an inclusive representation of all claims.

According to the Centers for Disease Control and Prevention, one out of every five adults experiences a disability.

In the event you become disabled and are unable to work, the benefits provided by Disability Insurance can help replace a portion of your earned income. In most cases, you will want to have a policy that will cover at least 60 percent of your income. This may be a stand-alone, Long-Term Disability plan, or a combination of employer-provided and a personal policy. In most cases you do not want to rely on employer-provided coverage as benefits are taxable to you and often times are insufficient. Disability Income Insurance protects your greatest asset; your ability to earn an income.