Individual
Disability insurance helps protect a client’s income—their most valuable asset—ensuring financial stability if they’re unable to work due to illness or injury. As a financial advisor, it supports your holistic planning by safeguarding against a major risk to long-term wealth accumulation.
Product Comparison Information: Disability Product Comparison.pdf
White Collar Executive/Professionals
Executives and high earning professionals need individual disability income insurance because group coverage often caps benefits, replacing only a portion of their income—typically up to 60% and with dollar limits. This creates an income gap that individual policies can fill. Individual policies offer higher, tax-free benefits and greater customization, ensuring better financial protection.
Disability Fact Finder: Disability Insurance Fact Finder
Disability Sales & Marketing Information: Disability Insurance Education
Business Overhead
A small business owner may want business overhead disability insurance to cover essential operating expenses - like rent, utilities, and employee salaries - if they become disabled and can't work. This helps keep the business running during their recovery.
Disability Buy-Out
Business owners may want disability buy-out insurance to cover ongoing expenses if they become disabled and to ensure a smooth transfer of ownership. This protects the business’s operations and financial stability during unforeseen events.
Key Person
Small business owners may want Key Person disability insurance to cover essential expenses or replace lost income if they or a key employee becomes disabled, ensuring the business can continue operating. This protects against financial strain and helps maintain stability during recovery.