Main Disability Insurance Policy Occupations
Safeguarding Success: Why Executive Disability Insurance Matters In the high-stakes world of executive leadership, success often hinges on one crucial […]
A Business Owner needs to cover Personal Income and Business Expenses to meet ongoing financial obligations. Because of this, Disability Insurance for Business Owners is more complex than most other situations.
Specialist Occupations and Disability Insurance.
Attorneys need customized Disability Insurance providing comprehensive Income Protection. Provisions within the Policy should covers your exact specialty of law, and day to day job duties.
When your paycheck stops because of a disability, usually your 401k contributions stop as well. If you are disabled until age 65, you could be left without adequate retirement savings. Fortunately, you can add a feature called the “Retirement Protection Rider” to certain Disability Insurance Policies.
This Disability Insurance Rider will contribute a set amount to a qualified retirement plan while you are disabled. This feature is extremely important to ensure comprehensive income protection.
When purchasing a Disability Insurance Policy, it’s important to ensure your policy has some key features. Without certain provisions and features, your income protection could be at serious risk.
The first thing to make sure of is that your policy uses the “Own Occupation” definition of Disability. Some policies feature this as an add on, others have it built into the contract. But there are a few other important features.