Disability insurance details | HSBC

 

Disability insurance

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Protect your family from financial hardship

Safeguard your income with disability insurance

Disability insurance can provide funds critical to helping you maintain your lifestyle if you should become disabled and your income is reduced due to loss of work.

It is estimated that over 25% of today's 20 year-olds will become disabled at some point during their working life.1 How long would you and your family be able to cope with a decreased income? Disability income insurance helps protect against loss in cases of disability or extended illness, replacing a portion of your earned income if you become unable to work at your regular occupation2.

  • Typical group plans offered by an employer replace up to 60% of your salary
  • Supplemental plans and individual policies cover up to 80%
  • Benefits can last for a defined number of years or until you reach retirement age
  • If you pay the premium out-of-pocket, after-tax, benefits are tax-free.3

1 Social Security Administration Fact Sheet February 7, 2013

2 Exclusions and limitations may apply. See policy detail for further information.

3 All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

Investment and certain insurance products, including annuities, are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life and health insurance products are provided by unaffiliated third parties and are offered through Insurance Agents of HSBC Insurance Agency (USA) Inc., which is a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.


Investment, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

Research backgrounds of brokers and brokerage firms for free by visiting FINRA's BrokerCheck website

†† Investments, Annuity and Insurance Products:
ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES ARE NOT FDIC INSURED ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES MAY LOSE VALUE
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