Disability or Income Replacement Insurance is intended to replace a large portion of a working person’s income when a disability [illness or accident] prevents them from working. It does not cover medical care or long-term care services but rather a percentage of income lost due to these situations (typically 60%). It is, unfortunately, the least purchased of all insurances but the most important because a person is more prone to become injured or ill and unable to work; rather than dying.

Short-Term Disability is typically coverage for 3 – 5 years and is the most affordable.

Long-Term Disability is the most robust form and typically covers a person for a term longer than 5 years with a maximum to age 65.