May is Disability Insurance awareness month, a time when the insurance industry comes together to promote awareness on the need for income planning and protection. If you’re working, it’s always a good time to evaluate your financial strategy with disability income insurance.

The last two years have shown us how unanticipated events can affect our plans and financial security. None of us can predict the future, but having Individual Disability Insurance can give us the tools to protect ourselves in the face of the unexpected. Now more than ever, Disability Insurance Awareness month is a way to promote the importance of income protection.

Short Term Disability (STD) and Long Term Disability (LTD) policies are usually offered through the workplace. STD covers benefits when a person can’t work for several weeks or months, and LTD covers benefits when a person can’t work for a longer period of time. There’s a chance that LTD will not cover the full income, especially common with high earners. Individual Disability Insurance (IDI) adds an extra layer of insurance to cover longer periods. Also, if an employer doesn’t provide LTD at all, IDI can take it’s place. Either way, IDI can help bridge the income protection gap.

We are happy to join the industry this month, and promote the importance of Individual Disability Insurance. For more information, click below to visit “Disability Insurance 101” from Life Happens.

Disability Insurance 101