Most personally owned insurance plans offer superior contractual benefits. This is especially true when compared to a typical group disability benefit.
Custom tailored coverage:
Personally owned insurance can be designed to meet your unique needs.
Coverage is portable:
Unlike group insurance, personally owned insurance does not terminate if you change employers. If your insurability changes, you do not risk losing your coverage.
You can buy lifetime coverage:
Many personally owned insurance policies offer benefits well beyond retirement age or for life. You can purchase benefits that best suit your lifetime needs for protection.
Your coverage cannot be cancelled or modified:
Most personally owned insurance guarantees your protection will not be cancelled or modified by the insurer. You can also buy policies that guarantee that your rates will never increase.