Disability insurance replaces income in the event of a serious illness or injury. My clients who have become disabled because of cancer, a car accident, or depression tell me that their disability policy was the one insurance that kept them in their homes and paying their bills.

Research shows that one third of employed Americans become disabled for at least 90 days at some point in their career. The insurance companies state that the average claim lasts almost 13 months and the banks report mortgage foreclosures due to disability occur 16 times more than for death.

The best time to get an individual disability insurance policy is when you are young and starting your career. Young execs with small children haven’t worked long enough to accumulate savings and so are the most exposed in the event of an illness or accident.

Individual disability insurance policies have the best definition of total disability with no offset for other income that may be received. Individual policies have guaranteed premiums. While group disability coverage is terminated when leaving a job, an individual policy continues regardless of your future occupation or employment.

Many of us believe we will be able to work through an accident or illness but what would happen to our families if we can’t. We choose to have disability insurance for the same reason we have other insurance, we love our families and want to protect them.

Speak with your disability insurance advisor and learn about your options for individual disability insurance.