Individual Disability Income
Your most valuable asset isn't your car, house, or IRA. The ability to earn an income is. If that is taken away, all of your other possessions could disappear just as rapidly without a proper plan in place. IDI is offered to help supplement your income in the event of an injury or sickness.
You never think it's going to be you. According to the SSA, one in four 20-year-olds will experience a disability lasting for at least 90 days, before they reach the age of 67. Most employers offer a group policy, but, in most cases, that coverage alone isn't enough. If you separate from the employer, that coverage goes also.
When people hear disability, worst-case scenarios are typically thought of. However cancer, heart attacks, back injuries, diabetes, and other common illnesses lead to most disability claims.
What would you do if your ability to work was taken from you, and how far could you go without a paycheck?