Disability Income Insurance

Personal Paycheck Power®

 

  • This individual DI policy provides a benefit to help pay your basic monthly living expenses should you become sick or hurt and Totally Disabled1.
  • Some basic monthly expenses that you could use a Personal Paycheck Power® benefit to help pay for include mortgage, rent, utilities, groceries, car payments, child care or credit card balances.
  • Guaranteed renewable to age 67, which means as long as premiums are paid, the policy cannot be canceled
  • Receive base benefits in addition to Social Security or workers’ compensation
  • 24-hour coverage, 7-days a week, on or off the job
  • Coverage if you are Totally Disabled from your own occupation for a specified period of time (generally two years but may be shorter2) and then Totally Disabled from any occupation

Optional Riders

 Illinois Mutual’s optional riders, available at an additional cost, give you the flexibility to personalize your DI plan. Below are some of our most popular options. 

Return of Premium Rider

The Return of Premium Rider provides DI coverage if you need it, your money back if you don’t. From ages 65 to 67, you are eligible to receive a refund of 100% of the money you spent on policy premiums less any benefits already paid. Your policy ends when the Return of Premium is paid. Any benefits that may accrue under the policy after the Return of Premium amount has been paid will be payable only to the extent such benefits exceed the Return of Premium amount.

Retroactive Injury Benefit Rider

The Retroactive Injury Benefit Rider pays benefits while you are Totally Disabled due to an Injury causing the Total Disability. The Total Disability must occur within 30 days of the Injury and continue during the elimination period.

Guaranteed Insurability Option (GIO) Rider

As your income increases and your DI needs change, the GIO Rider allows you to get the DI coverage you need now with the option to purchase additional coverage in the future without evidence of good health. You can purchase additional coverage up to 5 times, every 2 years after the policy effective date, prior to age 55. 

Business Expense Power®

 

  • This business expense DI policy reimburses you monthly for eligible fixed business expenses should you become sick or hurt and Totally Disabled1.
  • Eligible business expenses that may be covered by Business Expense Power® include lease or rent payments, utilities, office maintenance and repairs, billing and collection fees, depreciation, mortgage and loan interest, property and payroll taxes, property and liability insurance, employee salaries (except those of the insured, someone who replaces the insured, and any family member working less than 3 months), postage, professional service fees, dues and subscriptions.
  • Premiums are generally tax deductible as a business expense.2
  • Guaranteed renewable to age 67, which means as long as premiums are paid, the policy cannot be canceled
  • Receive base benefits in addition to Social Security or workers’ compensation
  • 24-hour coverage, 7-days a week, on or off the job

The M.U.G. Plan

The M. U. G. Plan

Illinois Mutual

Meet Pamela: DI Policyowner