Disability Insurance

Disability Income Insurance

Your most valuable asset is your ability to earn an income. If you were disabled for any length of time because of an illness or injury, how would you continue to support yourself or your family?

If you had a goose the laid golden eggs, would you insure the goose or the golden eggs?

You insure your home, cars and personal assets against fire, theft, and various other risks. Are you insuring the person who pays for all these things? Disability insurance is designed to protect your income.

Business Overhead Expense Insurance

If you are sick or injured and are unable to work, your monthly business income could drop dramatically but your business expenses will continue. Business Overhead Expense Insurance reimburses a business owner for business expenses, such as rent, utilities and employee salaries that are incurred during a disability. This benefit will allow the owner time to:

• Close until he or she recovers
• Hire a replacement
• Sell the business

Don’t let an unexpected disability force your business to close or drastically reduce the market value of your business.

Disability Retirement Insurance

What would happen to your ability to save for retirement if you became sick or hurt and were unable to work?

In the event of a qualifying disability, a Disability Retirement Insurance policy would pay benefits to an irrevocable trust. The trust would invest the benefits on your behalf (after a risk assessment is conducted). At the end of your benefit period, your assets are distributed from the trust to you.

Disability Statistics

According to the Social Security Administration's Disability Benefits brochure, "Studies show that a 20-year-old worker has a 3-in-10 chance of becoming disabled before reaching retirement age" (SSA Publication No. 05-10029).