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Disability Insurance

Whether you’re an individual or a business owner, protecting your financial future in the unfortunate case of a serious accident, injury or illness is important. Learn how Disability coverage for individuals and business owners can protect the financial well-being of those you care about.

Personal
For Business Owners

Personal Disability Insurance

Would you be able to cover your current living expenses if an injury or illness kept you from working for six months or a year?

We know it’s not pleasant to consider the possibility; however, you need to think about whether a life-altering illness or injury could limit, or even suddenly eliminate,  income you depend on. Disability insurance helps safeguard your financial health.

Benefits of Disability Insurance

  • Receive payments in incidences that prevent you from working temporarily or for an extended period of time.
  • Benefits can last anywhere from a few months, to five years, or all the way up until retirement.
  • A wide range of medical issues can be covered, including illness, injuries and mental health.
  • Some previsions support rehabilitation services, which may help return-to-work sooner.
  • Protects retirement savings by avoiding using those funds while not working.
  • Depending on how benefits are received, there may be some tax benefits.
1 out of every 4 adults currently 20 years of age will experience a disability before reaching full retirement age*.

We’re Here to Help

If you are self-employed or your employer does not offer short- or long-term disability benefits, your Vibrant team is ready to walk you through many available coverage options. We will discuss your specific situation and help to find the solution that’s right for you.

Schedule an appointment today!

Disability Insurance for Business Owners

Disability coverage is too-often overlooked by businesses, especially those with two or more partners. If you are suddenly unable to physically contribute to the continuation of business operations, there could very well be short- and/or long-term operational impact, creating significant strain on remaining employees, business partners and family members.

Short- and Long-Term Disability (STD and LTD) policies benefit business owners, policyholders and their families by eliminating time-consuming and complicated paperwork during temporary or extended absences.

OUR TEAM WORKS ALONGSIDE YOUR BUSINESS ATTORNEYS TO CHOOSE THE RIGHT COVERAGE FOR YOU, YOUR PARTNER(S) AND YOUR BUSINESS's FUTURE.

Benefits of Disability Insurance for business owners:

  • Helps to finance temporary or permanent replacement of the sick or injured individual.
  • STD helps pay for living and other expenses when an individual is temporarily unable to work.
  • As part of a buy-sell agreement, LTD funds the buy-out of an owner’s profit share.
  • LTD safeguards the policyholder’s family or loved ones from dealing with a lengthy buy-out process.
  • Provides financial stability for the business and remaining owners through funding of temporary replacements.

WE'RE HERE TO HELP SAFEGUARD YOUR BUSINESS's FUTURE

We are experts at identifying the right coverage for your succession plan needs. We work with your business attorneys to ensure your disability coverage fits into your succession plan perfectly to best safeguard you, your loved ones and your partners, should the need arise.

Schedule an appointment today!
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