DISABILITY INSURANCE
Disability income insurance helps clients’ protect personal income and/or business continuation. If the insured become too sick or hurt to work, the policy provides a monthly benefit that can be utilized for whatever purposes they deem necessary. Disability income insurance can be purchased either individually or offered as an employee benefit through work.
Target Market
- Ages 30-50
- Earning 40,000+ annually
- Work at least 20 hours per week
- Healthy
Individual Disability Insurance (personal)
- Short Term Disability- Benefit Period of 3 months up to 2 years
- Long Term Disability- Benefit Period of 2 years or up to Age 70
- Retirement Protection DI- Benefit contributes a specific monthly amount to protect retirement contributions
Business Owner Solutions
- Business Overhead Expense – Pays for day to day expenses for the business which also includes income of non-revenue generating employees.
- Business Loan Protection – Continues payments of a specified loan for business assets
- Disability Buyout Insurance – Used to fund a buyout of a disabled partner of a business
- Key Person DI (not available in NY)
Group DI Benefit
- Long Term Disability – Benefit Periods of 2 years or up to Age 70
- Short Term Disability – Benefit Period of 3 months up to 2 years
