Protect Your Income. Protect Your Future.
LONG-TERM DISABILITY INSURANCE FOR WHEN LIFE DOESN'T GO AS PLANNED
Your ability to earn an income is one of your most valuable financial assets. An illness or injury that keeps you from working can affect far more than your paycheck—it can impact your savings, your family and your long-term financial plans.
I help individuals, professionals and business owners throughout Savannah and the state of Georgia evaluate long-term disability insurance options designed to protect their income and financial security.
Understanding Long-Term Disability Insurance
Long-term disability insurance can help protect individuals and employees, while business overhead expense insurance can help protect a business when an owner becomes disabled.
INDIVIDUAL LONG-TERM DISABILITY INSURANCE
Designed for individuals with or without group coverage. This policy helps replace a portion of your income if an illness or injury prevents you from working. Individual coverage can be tailored around your occupation, income and specific protection needs.
GROUP LONG-TERM DISABIITY INSURANCE
This coverage is typically provided through your employer. It can help replace a portion of your income if an illness or injury prevents you from working, whether the cause occurs on or off the job.
BUSINESS OVERHEAD EXPENSE INSURANCE
For business owners, a disability can affect the business as well as personal income. Business overhead expense insurance can help cover eligible operating expenses while an owner is unable to work due to a qualifying disability.
It's All In The Details
Two long-term disability insurance policies can look similar but provide very different protection
DEFINITION OF DISABILITY
How a policy defines disability is one of its most important provisions. Depending on the policy, your ability to receive benefits may be based on whether you can perform the duties of your own occupation or your ability to work in another occupation.
BENEFIT AMOUNT
Long-term disability insurance is generally designed to replace a portion of your income. The amount of coverage available can depend on your earnings, occupation and other disability benefits already in place.
ELIMINATION PERIOD
The elimination period determines how long you must satisfy the policy's disability requirements before benefits become payable. Different waiting periods can affect both the cost and structure of your coverage.
BENEFIT PERIOD
Policies can provide benefits for different lengths of time, depending on the coverage selected and the terms of the policy. This is an important consideration when protecting against a long-term disability.
POLICY FEATURES & RIDERS
Depending on the policy and insurer, additional provisions may be available to address areas such as residual or partial disability, future increases in coverage and inflation protection.
