Disability Insurance


Income is the foundation of a solid financial plan for individuals and business owners.

For Individuals

Your income is your most valuable asset. Protecting your income allows you to continue to enjoy what it pays for - your home, your cars, your food, college and vacations - from now until the day you retire. Individual disability income insurance is the protection you need to help you maintain your lifestyle and protect your family's future if you become too sick or hurt to work.


For Business Owners

If you are a business owner, the potential of a disability poses a triple threat:

  • Keeping a roof over you and your family's heads - How long could the business continue to pay your personal salary? Individual Disability Income Insurance could help.
  • Keeping your business' doors open - How will you cover your business expenses if you aren't there to bring in income? Overhead Expense Insurance could help.
  • Keeping your investment intact - How will you get the funds to purchase a disabled co-owner's interest if he or she should become disabled? Disability Buy-Out Insurance could help.

Disability Income Insurance

How it Works

Disability Income Insurance provides you and/or your key employees personal income when you need it most. It helps cover daily personal expenses such as mortgage or rent payments, car payments, utilities and much more when you're unable to work due to a disability. Don't find yourself forced to dip into your hard-earned savings if a disability strikes.

Product Highlights

  • Replaces a portion of earned income lost due to a disability
  • Coverage can supplement any current disability insurance you may have
  • Coverage cannot be terminated (except for failure to pay premiums) or premiums increased before age 65 regardless of changes in income, occupation or health
  • Monthly benefits can be received income-tax free when premiums are paid with after-tax dollars
  • Offers many built-in policy features and optional riders that are available to help you customize your policy

Overhead Expense Insurance

How it Works

In addition to disability income for your personal needs, Overhead Expense Insurance  can help "keep the doors open" by reimbursing you for business expenses incurred during a disability, such as:

  • Lease, rent or mortgage payments
  • Utilities
  • Liability insurance
  • Property taxes
  • Accounting and legal services
  • Professional trade dues and subscriptions
  • Other fixed expenses normally incurred in running a business

Product Highlights

  • Helps meet routine business expenses and allows the business to remain open
  • Designed for owners of small- to medium-sized businesses, whose personal service is key to the continued earning of business income
  • Assures customers, creditors and employees of business continuity
  • Policy premiums are tax-deductible as an ordinary and necessary business expense

Business Exit Planning

What is your business worth? Is there a market for selling it? Do you have a succession plan in place? Exit planning is a customized process of setting business exit goals and implementing targeted strategies to achieve them. A comprehensive plan will address your exit timeline, the proper value of your business and to whom you want to transfer your business.

We can assist with implementing one or more of numerous effective techniques:

  • Business valuation - The assignment of a dollar amount value on a business entity or ownership interest. This is vital in determining proper insurance for buy-sell purposes or "pegging" the value of an estate for federal estate tax purposes.
  • Buy-sell agreements - Arrangements between a business and its owners or potential buyers on terms for transitioning ownership of the business at a predetermined triggering event, such as death or disability of an owner. Numerous types of buy-sell agreements can be established — including cross purchase, entity purchase and various other designs.
  • Employee stock ownership plan (ESOP) - An ownership plan that is designed to invest primarily in employer stock. It can provide liquidity for departing owners to effectively exit their business in a tax-advantaged manner.