Disability Income Protection
Protect your biggest asset – the ability to make a living
If you are a professional or small business owner, It is very likely that the ability to get up every morning and the ability to engage in your trade or profession is the biggest ASSET you have.
Have you ever come across a friend or colleague that had an unfortunate event that caused him/her/them to cut short their working life or change their profession. This is not uncommon as you think.
Disability insurance to fit your life.
Disability insurance is designed to protect your income if such an event were to happen. The expenses that are needed for you and your loved one need not be scaled back and provides you the ease of mind to recover and recoup yourself.
This is why we advocate Disability Insurance and encourage it to be a part of your personal financial plan.
One in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.
Each year around 5% of working Americans will experience a short-term disability (six months or less) due to illness, injury, or pregnancy.
It pays to have income protection
Portable
Whether you work for yourself or an employer, you can take your coverage wherever you go. If you choose to change jobs, you’re still protected with coverage that stays with you.
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Customizable
Everyone’s needs are different. With individual disability insurance from New York Life, you can count on coverage that’s customizable to fit your individual needs and circumstances.
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Dependable safety net
Most of all, it’s a reliable way to replace a portion of your income and help maintain your lifestyle. You can breathe easy knowing you’ll be covered when you need it most.
read moreSafeguard your income and your future today
Prepare for the future. Make sure your financial strategy includes protection from the unexpected.
Why purchase personal disability insurance?
Although you may be healthy now, it’s important to protect all of your working years.
Because you never know what could happen—tomorrow, or down the road.
Disability is more common than you think
It’s easy to believe you can avoid a disabling event if you’re just careful. But the reality is, most accidents are unavoidable and can occur anywhere: at work, on a trip, or in the comfort of your own home. And studies have shown that many disabilities are the result of a sickness—like cancer, a heart attack or diabetes2—not injury.
But your lifestyle can remain the same
More than one in four of today’s 20-year-olds can expect to be out of work for at least a year because of a disabling condition before they reach the normal retirement age.1 That’s why individual disability insurance is a key source of protection. It can help provide financial security and peace of mind. And no matter what industry you’re in, your lifestyle doesn’t have to skip a beat.
For small business owners
Your small business has been your big dream. Preserve what you’ve worked so hard to build. By protecting your income, you’re also protecting your business.
For dual income families
Family is everything. And with two incomes keeping a household running, it’s doubly important to protect your ability to earn—for both yourself and your loved ones.
For those looking to supplement an employer plan
Even if you have an employer-sponsored disability insurance plan, it likely won’t cover your entire income. Bridge this gap with your own, private disability insurance.
Would you like to speak to one of our financial advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.