An individual's ability to earn an income is their most valuable financial asset. Disability insurance replaces 60% to 70% of gross income if illness or injury prevents employment.

1. Own-Occupation vs. Any-Occupation

• True Own-Occupation: Pays full disability benefits if you cannot perform the material duties of your specific medical or professional specialty, even if you choose to work in another profession.
• Any-Occupation: Only pays benefits if you cannot work in ANY occupation for which you are reasonably suited by education, training, or experience.

2. Elimination Periods & Benefit Durations

The elimination period acts as a deductible in time (typically 90 or 180 days) before benefit payments commence. Choosing a 90-day elimination period with benefit duration to age 65 optimizes coverage affordability while protecting against permanent disability.