Protect your most valuable asset—your income—in the event you become too sick or hurt to work. Our partner-provided Disability Income Insurance is simple, priced to fit within your budget and offers a streamlined underwriting process.
Reasons To Consider This Product
- You want to be able to replace your income in the event of disability.
- If you’d rather buy online than with an insurance agent.
- No medical exams, just a few simple questions.
Did you know:
- Just over one in four of today’s 20-year olds will become disabled before they retire.1
- It is estimated that there are over 36 million disabled Americans—12% of the total population. More than 50% of those disabled Americans are in their working years, ages 18-64.2
- Medical conditions contributed to 62%3 of all personal bankruptcies filed in the U.S. in 2007—an estimate of over 500,000.4—which is a 49.6% increase over results from a similar study in 2001.
- 65% of working Americans say they could not cover normal living expenses even for a year if their employment income was lost; 38% could not pay their bills for more than three months.5
How can I use the money?
Use it any way you choose.
How long can I receive payments?
The length of time you can receive disability benefits varies, depending on the policy and how long you are unable to work.
How do I receive benefits?
The money is paid directly to you and can be used however you wish.
Do I have to go through a medical exam to get my coverage?
No, some policies do not require a medical exam.
No related FAQs are available.
This Disability Income Insurance product is offered by an affiliate of Truity Credit Union and is not NCUA or NCUSIF insured. Truity Credit Union does not provide or guarantee this product and may not be held responsible in any event. Truity’s privacy policies do not apply to linked websites. You should consult the privacy disclosures on the Allied Solutions website for further information. Insurance representatives are employees of Allied Solutions and are not employees of Truity Credit Union.
1 U.S. Social Security Administration, Fact Sheet February 7, 2013
2 U.S. Census Bureau, American Community Survey, 2011
3 The American Journal of Medicine, June 4, 2009 Medical Bankruptcy in the United States, 2007: Results of a National Study; David U. Himmelstein, MD, Deborah Thorne, PhD, Elizabeth Warren, JD, Steffie Woolhandler, MD, MPH
4 U.S. Courts, Bankruptcy Statistics, 12-Month Period Ending December 2007
5 Council for Disability Awareness, Disability Divide