Protect Your Paycheck

Income Protection May Be Worth Considering If You:

• Depend on your paycheck. 
• Have people who depend on you. 
• Have monthly bills that won't stop if your income does. 
• Own a business or are self-employed. 
• Would struggle to replace your income from savings alone. 
• Aren't sure your current disability coverage is enough.

If even one or two of these sound familiar, income protection may be worth exploring. 

Employer-provided disability coverage can be a great benefit—but it may not provide as much protection as you think.

Ask yourself:

• Does it replace enough of your income? 
• Are commissions, bonuses, or other incentive pay included? 
• Are benefits taxable? 
• Will you lose your coverage if you change jobs? 

If you're not sure, individual income protection may help provide additional coverage—and it stays with you if you change jobs. 

Protecting your income doesn't have to be an all-or-nothing decision.

If replacing your full income isn't within your budget right now, consider starting with a benefit amount that helps cover a few of your biggest monthly expenses—like your mortgage or rent, student loans, groceries, or utilities.

Even partial income protection can make a meaningful difference if an illness or injury keeps you from working.

You can always review and increase your coverage later as your income, responsibilities, or budget change.

Not sure how much need? Find your income protection gap. 

If a covered illness or injury prevents you from working, your policy can provide a monthly benefit to help replace part of your lost income.

Wondering what “covered” actually means? Learn what disability insurance can—and can't—cover.

That money can help you continue paying your regular expenses while you focus on getting better.
 

You choose your coverage
The monthly benefit and coverage options are designed around your income, occupation, and needs.

One important part of that coverage is how the policy defines disability. Learn why an own-occupation definition can matter. 

You continue living your life
Benefits can help cover everyday expenses when your regular paycheck is interrupted.

You receive personalized guidance
We help you compare options and understand what you are actually buying.

Many people are surprised to learn that income protection often costs around 1%-3% of your annual income, depending on your age, health, occupation, and the coverage you choose.

But perhaps the better question isn't, "What does it cost?"

It's "What's your ability to earn an income worth?"

Over the course of your career, your paycheck may be your most valuable financial asset—often worth far more than your home, your car, or your retirement account. Yet it's one of the few assets many people never think to protect.

Want to understand what actually affects the price? See how disability insurance costs are determined. 

No one expects an illness or injury to interrupt their ability to earn a paycheck. But if it happened, the real question is how long your finances could continue without your regular income.

Savings can help. Employer benefits may help. Income protection can provide another source of money to help keep your financial life moving while you recover.

Whether it's worth it depends on what you already have, what you need to protect and how much of that risk you're comfortable handling on your own.