Disability Insurance: Income Protection

  • Short-Term Disability:
    • Provides income replacement for a short period (e.g., 3 to 6 months) if you are temporarily unable to work due to illness or injury.
  • Long-Term Disability:
    • Provides income replacement for an extended period (e.g., 2 years or until retirement age) if you are unable to work due to a serious or permanent condition.
  • How Benefits Are Calculated:
    • Typically, benefits are a percentage of your pre-disability earnings (e.g., 60%–70%).

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