In addition to medical expenses, income is usually reduced or even terminated at the onset of an illness or injury. If you’re no longer able to work due to illness or injury, disability insurance can protect a portion of your earnings so your family still has a reliable source of income. As the main provider for your family, you should strongly consider disability insurance if your spouse does not believe he or she could maintain financial stability with only one income.
Individual disability insurance is available through one or more carriers not affiliated with New York Life Insurance Company, depending on carrier authorization and product availability in your state or locality.