Individual
Disability Insurance
For many people, the ability to earn an
income is their most valuable asset. Losing that
ability would have a devastating effect on them
and their families. For many families it would
be impossible to continue the lifestyle to which
they’ve become accustomed.
A death or disability in a family could
seriously hinder the financial future of a
spouse and children, if precautions were not put
in place. Creating a safety net for emergencies
and tragedies can make a world of difference for
a family facing the unexpected.
Protect Your Business
For the small business owner, when you’re
disabled and your income is drastically reduced
or stopped, you still have to face your
continuing overhead expenses -- rent, bills,
salaries and more. In order for your business to
stay open, you must continue to pay for these
ongoing expenses. Should a key employee become
disabled, you may experience a loss in profits
or have an additional cost associated with
finding a replacement. If a total disability
gradually forces one of the owners to stop
working, a disability buy-out agreement could
reimburse the buyers of a business for the cost
of purchasing the disabled insured’s interest in
the business.
Disability Income
Disability Income insurance replaces a portion
of earned income lost due to a total or partial
disability
Disability Overhead Expense
Disability Overhead Expense reimburses a
business owner for covered overhead expenses of
his or her business that continue during a
period of partial or total disability.
Key-Person Disability
Key-Person disability coverage provides a
benefit to the business in the event the key
employee is disabled.
Disability Buy-Out Coverage
Disability Buy-Out Coverage helps fund a
disability buy-out agreement with installment or
lump-sum payments.
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