Often referred to as DI, disability income insurance or income protection it is a form of insurance designed to replace a percentage of the insured’s earned income should an accident or sickness prevents them from performing their job. Some companies will provide group disability coverage as a part of the benefits package for their full-time employee. Group disability benefits can be provided as short-term disability benefits (STD) and/or long term disability benefits (LTD).

Is your ability to work and earn an income protected? If you became disabled tomorrow and could no longer work, how long could you survive financially? Does your employer provide disability insurance for you as a benefit? Does your employer pay the full cost of that coverage or do you pay all or part of the cost through a payroll deduction arrangement? Do you know why the answers to these questions are so important? If not, then perhaps we should talk.