A disability can strike at any age in any profession. For many people the loss of a paycheck can spell disaster for their family. Disability Insurance (DI) is “income protection” insurance.. DI ensures that your client will still have some kind of income if something happens to them and they are unable to work. Most people can purchase DI through their workplace and some states even consider it a benefit, paid through income taxes.

There are very few disability insurance providers that offer non-cancellable (non-cancellable means the premium can never be changed), contracts. Many won’t offer individual disability policies past the age of 60. Although most policies don’t pay benefits past the age of 65, those that do will have limitations. Some will offer only limited benefits, some might require that you health qualify every year, some only let you keep the policy for 2 more years. There can be other restrictions that aren’t mentioned here. If you already own DI, it is critical that you understand what happens when you turn 65.