Disability Insurance

Why Disability Insurance Matters

Your ability to earn an income is one of your most valuable financial assets. Disability insurance is designed to help protect that income if an illness or injury prevents you from working.

Capitol Wealth Strategies works with individuals, families, and business owners across Texas (and the country) to evaluate disability insurance options that can help provide financial protection during an unexpected disability. Many people rely solely on employer-provided coverage, which may only replace a portion of income and may not fully meet long-term financial needs.

Individual disability insurance can help supplement employer benefits and provide coverage tailored to your profession, income level, and financial goals. Policies may include features such as own-occupation protection, income replacement benefits, and coverage designed to support long-term financial stability.

Our team helps clients review existing coverage, understand available options, and incorporate disability protection as part of a broader financial strategy.

Understanding the Risk of Disability¹

• Nearly 1 in 4 workers entering the workforce today will experience a disability before retirement age
• About 5% of working Americans experience a short-term disability each year
• Many long-term disability claims are caused by illnesses such as cancer, heart disease, musculoskeletal conditions, and other medical conditions
• Disabilities can last months or even years, creating a significant interruption to incomes

1: Council for Disability Awareness (https://thecdia.org/disability-statistics/)

Professionals Who Often Consider Disability Insurance

Disability insurance is particularly important for professionals whose income depends on their ability to work in a specialized field. We frequently work with individuals such as:

• Physicians and medical professionals
• Attorneys and legal professionals
• Business owners and entrepreneurs
• Consultants and independent professionals
• High-income professionals and executives

Because many of these professions rely on specialized skills and training, protecting income can be an important component of a comprehensive financial plan.

Common Questions About Disability Insurance

Is employer disability insurance enough?
Employer-provided disability coverage can be a helpful starting point, but it may not fully replace your income if you are unable to work. Many group policies replace only a portion of income and benefits may be taxable if the employer pays the premium. In addition, employer coverage is often tied to your job and may not be portable if you change employers. Individual disability insurance can help supplement employer benefits and provide coverage that stays with you regardless of your employment situation.

What is own-occupation disability insurance?
Own-occupation coverage is designed to provide benefits if you are unable to perform the duties of your specific profession.

How much disability insurance coverage should I have?
Coverage needs vary based on income, financial obligations, and existing benefits.