Your income is the asset behind every other plan.
A working professional’s future income is often larger than their home, retirement account, and life insurance combined. Disability insurance protects it.
Request a Disability Insurance Quote
Replace a portion of your income when illness or injury stops you from working.
Long-term disability coverage typically replaces up to about 60% of income and can pay for years, often to age 65 or 67. Benefits from a policy you pay for personally with after-tax dollars are generally received income-tax-free for federal purposes; tax treatment depends on your situation and consulting your tax advisor is appropriate.
The provisions that decide whether coverage actually pays.
The words in a policy matter more than the price. Two policies at the same premium can behave very differently at claim time.
Own-occupation definition
Pays if you cannot perform your specific profession, even if you could do other work. Critical for specialized professionals.
Any-occupation definition
Pays only if you cannot do essentially any work. Common in group coverage; a much narrower protection.
Residual / partial disability
Pays proportional benefits when you can work part-time or in a reduced capacity because of the condition.
Non-cancelable
The carrier cannot cancel or increase premiums as long as premiums are paid.
Guaranteed renewable
The policy stays in force but premiums may change by class. A weaker guarantee than non-cancelable.
Elimination period
Waiting period before benefits start, commonly 90 or 180 days. Longer elimination periods reduce premium if you have adequate emergency reserves.
Benefit period
How long benefits are payable if the disability continues. Long-term policies commonly run to age 65 or 67.
Benefit amount
The monthly benefit is set relative to income, typically 60% to 66⅔% of covered earnings, subject to carrier issue limits.
Business owner considerations.
Business Overhead Expense (BOE)
Covers ongoing business expenses (rent, payroll, utilities) if you are disabled and can no longer generate revenue.
Disability buy-sell funding
Provides the funds a partner or buy-sell agreement needs to purchase a disabled owner’s interest at a defined point.
Key person
Coverage on individuals whose disability would materially impact the business. Often paired with a written continuity plan.
Request a disability insurance quote.
Because occupation classification, income documentation, and health history drive the design, real disability quotes begin with a short conversation. Send the form and we will reach out to schedule.
Common employer-coverage gaps
- Benefits end if you leave the job
- Employer-paid benefits are typically taxable
- Coverage often uses an any-occupation definition after the first two years
- Bonus, commission, and equity income are often not covered