DISABILITY INSURANCE
What would you do if you lost the ability to earn an income and provide for your family?
Disability Insurance protects your most valuable asset, your ability to earn an income. A long-term disability could suspend or terminate your income for an extended period of time. It may force you to close your business. Disability Insurance provides a source of income in the event of a disability.
Individual Disability Insurance:
Purchased by an individual to protect his or her ability to earn an income.
Disability Income Disability Income insurance replaces a portion of earned income lost due to a total or partial disability.
Interim Term Disability Insurance provides temporary coverage until an employee qualifies for employer-sponsored disability coverage.
Disability Overhead Expense provides a monthly benefit for covered overhead expenses when a business owner is partially or totally disabled.
Key-Person Disability coverage provides a benefit to the business in the event the key employee is disabled.
Disability Buy-Out Coverage helps fund a disability buy-out agreement with installment or lump-sum payments.
Group Disability Insurance:
Purchased by an employer to protect employees against the loss of income due to a disability.
Small Group Long Term Disability Insurance provides monthly benefits for disabilities lasting longer than 13 or 26 weeks and is available to employers with three to nine employees.
Small Group Short Term Disability Insurance provides weekly benefits for disabilities up to 26 weeks and is available to employers with three to nine employees.
Large Group Long Term Disability Insurance provides monthly benefits for disabilities lasting longer than 13 or 26 weeks and is available to employers with ten or more employees.
Large Group Short Term Disability Insurance provides weekly benefits for disabilities up to 26 weeks and is available to employers with ten or more employees.