Disability Income Protection
What is Disability Income protection?
Disability Income Insurance (DI) serves as protection against an illness or injury that may result in loss of income for a period of time. Without income protection, financial flow to other bills can be a challenge if an individual cannot work due to injury or illness. Ask yourself these questions:
- How long could you afford to pay your basic monthly living expenses if you were unable to work due to a sickness or injury?
- How long could you continue to pay your mortgage if you were unable to earn money?
- Would you have to borrow money from your retirement savings if you were disabled for longer than six months?
- How would your family’s lifestyle be impacted if you were unable to earn an income?
Individual Disability Long Term Individual Disability
Individual Disability Long Term Individual Disability: income protection for an accident or illness lasting longer than two years. Short Term Individual Disability: income protection for an accident or illness lasting less than two years.
Multi-Life Options
Guaranteed Issue Multi-Life: simplified issue disability insurance for businesses insuring 10 or more lives.* Fully Underwritten Multi-Life: discounted disability insurance available to groups/employees applying for policies together
Business Protection Business Overhead Expense:
Reimbursement benefit for documented overhead expenses. Buy-Sell Protection: protection to fund a buy-sell agreement between multiple owners in a company. Key Person Replacement: protection for a business should a key employee become disabled. Loan Protection: reimbursement for a loan payment.
Additional Niche Coverages
- Accidental Death & Dismemberment: lump sum payment in the event of accidental death or dismemberment.
- Critical Illness: lump sum payment in the event of a diagnosis of a pre-specified illness.
- Contract Protection: third party owned, third party signed, and third party beneficiary death benefit product option for traditional life insurance “business product” declines or postponements.
- Retirement Contribution Protection: replacement of retirement account contributions in the event of a disability.
- High Limit Supplement: supplemental income protection for high earners who max out of their individual disability plan.
- Athlete Protection: protection for athletic contracts, sponsorships and/or future earnings.
- Kidnap & Ransom: reimbursement for costs incurred during a kidnapping or extortion.