Disability insurance can replace a percentage of your income in the event you are unable to work due to an illness, injury, or other health condition.
Securing your own disability insurance coverage is a wise choice that requires advanced planning. Protect your income and your future with the right disability insurance policy.
While some employers offer salaried workers disability coverage, self-employed individuals, freelancers, entrepreneurs, and many small business owners need to provide their own coverage. That said, even employees with salary positions may require a supplemental disability policy to ensure adequate coverage.
We take a highly-personalized approach to helping our clients secure disability insurance coverage that meets their unique needs.
Whether it’s short-term or long-term coverage, our insurance solutions will safeguard the financial stability of self-employed individuals in the face of different types of injuries or ailments. We can help you determine how your policy should be designed based on basic factors that include your line of work, benefit periods, elimination periods, and if additional riders and benefits need to be written into the policy.
Types of Disability Insurance
Short-Term Disability
- Elimination (waiting) period: 30 days
- Benefit period: 3 months, 6 months, 12 months, or 24 months
- Average cost: Variable based on risk factors and policy terms — average costs sit between 1% and 3% of your gross income
- Applicant risk factors: Occupation, age, smoking status
- Claim types: Having a baby, complications from pregnancy, severe illness, injuries that cause temporary disabilities
Long-Term Disability
- Elimination (waiting) period: 90 days
- Benefit period: 2 years, 5 years, 10 years, to age 65, or for life
- Average cost: Variable based on risk factors and policy terms
- Applicant risk factors: Age, health, occupation
- Claim types: Musculoskeletal injuries; complications from pregnancy; injuries that cause disabilities; cancer, heart disease, or other critical illnesses
How We Can Help
Our insurance specialists work with clients individually to determine the type of coverage that will adequately serve their needs. Our customized disability insurance policies offer clients peace of mind while protecting their financial health against the unexpected.
Request a quote to obtain a customized disability insurance quote.
