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.
Calculate their needs
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
