Disability Insurance Whether it’s supporting your daily living expenses today or funding your retirement savings for tomorrow, your ability to earn an income is your most important financial asset. A loss of income from a disability isn't just a threat to your current lifestyle; it's a threat to your retirement dreams.

If disability prevents you from working, your retirement will be endangered two ways:

• Decreased savings. A loss of income would make it difficult to continue building your retirement savings.
• Eroding assets. Without another source of income, disability may cause you to deplete your savings to make ends meet.

That's why it's important to safeguard your earnings with disability insurance. It is designed to replace a portion of your income. So that you'll have an incentive to return to work, it usually isn't possible to insure all of your income.

Disability coverage comes in two major forms:

• Short-term disability insurance, which is designed to cover a period of weeks or months.
• Long-term disability insurance, which can last for several years or even until age 65.

You should place the highest priority on covering long-term disabilities, since they pose a greater threat to your financial well-being.

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