DISABILITY BENEFITS

Disability insurance is available to everyone up to the age of 65, but should especially be considered by self-employed individuals. These individuals range from physicians, lawyers, accountants and executives to teachers, office clerks and bookkeepers. A disability claim can be based on either having a loss of income or an inability to perform the important duties of the occupation.

Because disability insurance is acquired to replace lost income, it is important that the after-tax benefits received are sufficient to meet the specific need.

REMEMBER, while your disability premiums are not tax deductible,

THE BENEFITS ARE RECEIVED TAX-FREE.

Please note that if you have disability benefits at work and the premiums are paid by your employer, the benefits become TAXABLE in your hands. It is sometimes a good idea to review your disability plan and add your private coverage to cover the shortfall.

Companies offer many disability programs to suit each situation.

Also, non-cancelable and Guaranteed Renewable program is available to age 65. No matter what happens, as long as the premiums are paid, Company cannot refuse to renew, alter the schedule of premiums, cancel or change the benefits of the policy unless requested by the insured.

 A wide variety of plans are available to business owners. Whether it's corporate liability, a key person or a group plan you are looking for. I will be more than happy to discuss your needs and find the plan that best suits your particular situation and your budget.