Do I Need Disability Insurance?

Do I Need Disability Insurance?

About Disability Income Insurance…

When purchasing disability income protection, there are a number of options to consider:

• Additional benefits available such as protection against inflation for future benefits paid referred to as Cost of Living Adjustment (COLA), Guaranteed Purchase Option (GPO), and Catastrophic Disability.

• Non-cancel-able or guaranteed renewable provisions.

• Various waiting periods are available. The longer the waiting period, the lower the premium.

• Coverage that offers varying benefit periods for you to choose from. The longer the period covered by the policy, the higher the premium.

• The Knights of Columbus Disability policy offers “Own Occupation” coverage for the first two years, which means we will pay benefits if the insured is unable to work in their specialized field. Thereafter it is any occupation for which you are reasonably qualified.

1 Source: SSA Publication No. 05-10029, May 2015.


2 Source: U.S. Census Bureau, Americans with Disabilities 2005 and 2010, Table 1 (Age 21-64) July 2012

Take the first step toward achieving your financial goals.

Learn More: Disability Income Insurance

Read more about how disability insurance fill in the financial gap when your family could need it most.