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Maximizing Your Disability Insurance Coverage

Maximizing Your Disability Insurance Coverage

| May 11, 2020

May is the month to bring awareness to Disability Insurance and how you can help your clients plan for life’s “what if?” moments. During Disability Insurance Awareness Month or DIAM, we’ve created a series of blog posts to help you get informed and educated on the importance of Disability Insurance. This post provides an overview of how individual disability insurance can supplement Group LTD you already may be receiving through your employer.

Your employer might offer group (or employer-sponsored) disability insurance which is a good start to protecting your income in case of a disability. Although, it typically replaces only about 40 to 60 percent of your income if you become too sick or injured to work (and bonuses and commissions may not be covered). This may leave you with a coverage gap.

Fortunately, with individual disability coverage, you can maximize your income replacement benefits. An individual disability insurance plan is portable, meaning you own the policy even if you change jobs, and the benefits you receive are tax-free when you pay with after-tax dollars. Supplementing your group coverage today with an individual disability insurance policy is something you will thank yourself for in the future. At Ashford Brokerage, we can identify your most important savings goals and determine if your existing coverage is enough.

View this infographic to see how individual disability insurance can help fill your coverage gap.


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