Guardian Disability Insurance Brokerage

Disability Insurance for Consultants

Why Consultants Need Personal Disability Insurance

Disability Insurance Quote Gender: View All Male Female Age: View All 25-30 31-35 36-40 41-45 46-50 51-55 Monthly Benefit Amount: View All $0-$1,000 - (Income needed: $ 18,000) $1,000-$2,000 - (Income needed: $ 34,000) $2,000-$3,000 - (Income needed: $ 52,500) $3,000-$4,000 - (Income needed: $ 75,000) $4,000-$5,000 - (Income needed: $100,000) $5,000-$6,000 - (Income needed: $124,500) $6,000-$7,000 - (Income needed: $148,500) $7,000-$8,000 - (Income needed: $171,500) $8,000-$9,000 - (Income needed: $196,500) $9,000-$10,000 - (Income needed: $220,000) $10,000-$11,000 - (Income needed: $243,500) $11,000-$12,000 - (Income needed: $266,500) $12,000-$13,000 - (Income needed: $290,000) $13,000-$14,000 - (Income needed: $312,500) $14,000-$15,000 - (Income needed: $348,000) $15,000-$16,000 - (Income needed: $408,000) $16,000-$17,000 - (Income needed: $475,000) Our agents have 420 Independent Consultant Clients

Disability insurance is a product every independent consultant should own. You are your only source of income, and if you are unable to perform the material and substantial duties of your occupation because of a sickness or injury, individual disability insurance just may be your only source of income to support yourself and your family. Larger companies may offer Group Long Term Disability (LTD) to their employees for free, as an independent consultant it is up to you to protect your most important asset, your ability to earn an income.

Disability Insurance Quotes Call 888-513-2300

Most Common Optional Riders1 for Independent Consultant Clients Based Upon the Age, Gender, & Benefit Amount Selected Above 1. Residual Disability Benefit Rider This rider provides a benefit when solely due to sickness or injury‚ you suffer a loss of 15% or more of your income. There is no loss of time or duties requirement. This rider also has a recovery provision whereby‚ if you recover and return to work but still suffer a loss of income of at least 15% of your prior income‚ you will continue to be eligible for this benefit for the full duration of the benefit period. Most agents feel this is a must have rider on every policy. 87.62% 2. Future Increase Option Rider This option allows consumers the ability to obtain additional disability coverage in the future regardless of any adverse changes in their health. Many people believe that their incomes will continue to rise over the years‚ and this rider allows you to buy more disability insurance coverage in the future each year on the policy's anniversary up to and including age 55. The rider also includes special option dates that allow off-anniversary increases for events such as the loss of group long term disability coverage. While medical information is not required when exercising this option‚ applications to exercise this option will be financially underwritten taking into consideration both current income and all other disability insurance in force for the insured has applied or is eligible to receive. 79.29% 3. 3% Compound Cost of Living Adjustment (COLA) Rider2 Cost of Living Adjustment rider will increase your total monthly benefit every month you are on claim up to 3% after you have been disabled for 12 months. 38.10% 4. 4-Year Delayed COLA Rider2 This Cost of Living Adjustment (COLA) rider will help to increase benefits during a claim. The 4-Year Delayed option is less expensive than a normal 3% COLA rider because you are essentially self insuring the first 4 years of COLA increases during a claim. 13.33% 5. Social Insurance Substitute Rider This is a monthly benefit that coordinates with payments received from the Social Security Administration ('SSA') for a disability‚ as well as other similar government programs. If you receive Social Security Disability Insurance‚ the insurance company will reduce the amount of benefits payable under this rider dollar for dollar from $200 to $1‚500 . This rider is often purchased to reduce the total cost of coverage‚ while helping assure an adequate level of disability protection. 13.33% 6. Automatic Benefit Enhancement Rider This rider is at no cost‚ and will increase your monthly benefits by 4% every year for six years‚ with no proof of income. While the rider itself is provided at no cost‚ additional premiums are required... for coverage added by the rider. 12.86% 7. Catastrophic Disability Benefit Rider This rider provides additional benefits to you should the disability be so severe that is causes you to be unable to perform 2 or more of the Activities of Daily Living including: bathing‚ dressing‚ eating‚ transferring‚ toileting‚ or continence or you suffer a cognitive impairment requiring substantial supervision. 10.00% 8. Unemployment Waiver of Premium Rider An inexpensive rider that waives the premiums for your DI policy for up to one year should you be on unemployment and receive unemployment compensation for at least 60 consecutive days. 4.05% 9. Basic Residual Disability Benefit Rider Sometimes an illness or injury doesn't cause a total disability but does limit your ability to work‚ which results in decreased income. Or‚ you might suffer a total disability and return to work‚ but not at your pre-disability earnings. The Basic Residual Disability Benefit Rider helps offset your disability-related earnings. This feature provides benefits when‚ solely due to injury or sickness‚ you suffer a loss of income of 20% or more and you can perform one or more‚ but not all‚ of the material and substantial duties of your occupation‚ or you can perform them all‚ but not for the length of time they normally require. 4.05% 10. Retirement Protection Plus Disability Benefit Rider3 This rider provides an additional benefit when you are totally disabled and not gainfully employed. It is designed to help replace contributions made to defined contribution retirement plans by you and your employer. The RPP monthly indemnity will be paid to the trust for you while you are totally disabled and not gainfully employed. This is not a pension plan or a substitute for one. 3.33%

What Does Disability Insurance Do For You?

Disability insurance helps provide peace of mind to you and your family. The odds of you suffering a long term disability are much greater than you think. As a consultant you rely on your own ability to generate revenue, and to bring home an income. If you are unable to do what you do, there simply is no safety net other than an individual disability insurance policy to make sure you can maintain your existing lifestyle.

If solely due to injury or sickness you cannot perform the material and substantial duties of your occupation, you will be eligible for the policy's monthly benefit on a tax-free basis⁴ every month until you recover or reach the end of your benefit period. The maximum monthly benefit that you could qualify for will depend on several factors including your current level of earned income. Berkshire is the #1 provider of fully underwritten non-cancellable disability income insurance according to the 2012 LIMRA International U.S. Individual Disability Income Insurance Annual Review report, based on annualized premium. As an independent consultant, it is up to you to secure your own benefits. If you depend on your ability to work and generate an income, we would recommend owning a ProVider Plus policy to protect that income.

Disability Insurance Quotes Call 888-513-2300