Basically this is paycheck insurance that most working individuals can purchase on their own. Prospects can cover as much of their paycheck as they like up to a maximum of approximately 60% of pre-disabiilty income. Why only 60%? Benefits paid from Individual disability policies are received income tax free. Premium can be customized using waiting periods, benefit periods and riders.
Many businesses have buy/sell agreements that address death but many do not include details on what happens in the event of a partner becoming disabled. Even agreements that mention disability are often unfunded.
Business expenses do not stop just because the business owner or key person becomes disabled. Often the business owner is the key producer/salesperson and their disability can often lead to business bankruptcy.
This site is not for retail clients. This site is only for licensed life agents looking for a wholesaler.
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