Disability Income Insurance
Disability Income Insurance coverage is designed to replace earned income (W-2), not passive income such as dividends and interest. Definitions of total and partial disability differ by carrier, so this must be checked thoroughly before deciding which carrier is right for your situation.
The monthly benefit, the elimination period (deductible before claim payments begin), and the benefit period (how long will the carrier pay a claim) are key points to examine so that the policy specifications fit your needs. Arnold K. Davis will help you decide your budget and one of our advisors will guide you so that you will have income in the event of an unforeseen accident or sickness.