Protecting your income
Not many of us expect to be affected by a disability. Yet disabilities are a very real fact of life that can be financially devastating. Would you and your family be able to meet your daily financial obligations if you were unable to work?
We can help you identify the income you need to maintain your current standard of living if you can’t work because of an illness or disability. We offer personal disability products that provide flexibility and features to help bridge the gap between income and expenses during a disability. Whether you’re a professional, business owner, executive or employee, we can tailor a plan to help meet your needs.
Disability insurance can provide you with financial security by replacing a portion of your earnings when an accident or illness causes you to become disabled and unable to work or earn an income. Accidents and illnesses are a fact of life. They could happen to anyone at any time. Did you know that:
- 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
- The average length of a disability that lasts over 90 days is 2.9 years.
Both personal and business disability insurance solutions are available that offer flexibility and features to help bridge the gap between income and expenses during a disability.
Protecting your business
Could a disability cost you your business? Overhead expense plans helps cover eligible business expenses (such as salaries, rent, utilities, property taxes, etc.). We can also help you determine the monthly business expenses you need to cover to maintain profitability. Additionally Key Person protection provides benefits in the event of a key employee’s total disability.
As a business owner, you want to protect both your independence and profitability. We offer several types of insurance for business owners to reimburse certain business expenses, fund a buy-sell agreement or help hire a replacement for a disabled employee. We can help you determine the monthly business expenses you need to cover to maintain profitability if you are disabled.
Planning for Your Business Succession
If you operate a business with one or more business owners, you contribute to its growth and share in its success. How would a disabled business owner affect your business? Would there be lost productivity and profits, pressure from suppliers and creditors, or damage to client relationships? The Buy Sell Plan is designed to provide funds to help enable the business or one or more business owners to purchase the shares or ownership interest of a totally disabled shareholder or partner.