Income protection (also known as disability insurance) provides coverage if you, your business partners, or your employees become too sick or hurt to work. By replacing part of your income when an illness or injury keeps you from working, this important coverage helps ensure you don’t have to dip into savings or retirement assets to keep your business (and everyday life) running smoothly.
You can purchase disability insurance as standalone coverage, or as a supplement to group disability coverage. When you offer it at your worksite, you may be able to receive discounts.
Talk to your financial professional to learn more about which protection is right for your business.