Northwestern Mutual

What to Consider When Choosing Individual Disability Insurance

Your ability to earn a living is your most valuable financial asset. It's what you rely on to maintain our lifestyle today, and what you need to achieve your goals for the future. Disability income insurance can help you protect both.

Learn more about Disability Income Insurance
disability insurance

As you consider the purchase of individual disability insurance. take these steps to make sure you're getting the best disability insurance for your needs and quality coverage you can count on.

1. Determine how much you need. While group disability income insurance provides a solid base for all employees, many employees often need supplemental disability coverage to ensure a sufficient level of income protection. Focus on a plan that gives you the ability to cover as much of your needs as possible.
living with and without a disability

2. Understand your policy. Individual disability income insurance can be structured a number of different ways, which is why it's important to understand the language in your policy. Make sure you're clear about:

  • How soon benefits will start paying after a disability. Plans may start paying benefits after 90 days (the elimination period); others may start paying after 720 days.
  • How long benefits will be paid. Most companies let you choose benefits that last two years, five years, to retirement age or for the rest of your life.
  • The circumstances under which you can qualify for benefits. (How is disability defined in the contract?)

By taking these considerations into account, you'll be well on your way to protecting your most important asset – your ability to earn an income – with quality coverage you can count on.

The cost of disability insurance is less than you might think. Often you can get coverage for as little as the cost of a daily cup of coffee.1


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