Guardian Disability Insurance Brokerage

DISABILITY INSURANCE FOR CONSUMERS
TALK TO US
Toll Free @ 888-513-2300

Disability Insurance for Sales Professionals

Disability Insurance Quote

Gender:
Age:
Monthly Benefit Amount:
We understand the sales profession; after all, we are in sales as well. Allow us to explain to you why individual disability insurance offered by Berkshire is one of the strongest contracts you can own. As a salesperson, you eat what you kill, and your income is based on your ability to close the deal. With disability insurance you may be eligible for benefits when you are either totally disabled or residually disabled. A total disability is obvious; under the ProVider Plus true own-occupation definition of total disability, you will be eligible if a sickness or injury prevents you from performing the material and substantial duties of your occupation, even if you are gainfully employed in another occupation. But for residual disabilities, the Residual Disability Benefit Rider1 is where ProVider Plus truly excels for people in the sales arena.



Request a QuoteDisability Insurance Quotes
Call 888-513-2300

Under this important optional rider, you will be eligible for a residual disability benefit when, solely due to sickness or injury, you suffer a loss of income of 15% of your prior income. No loss of time or duties is required for benefit eligibility.

There is a basic scenario we like to point out to sales professionals shopping for disability insurance. Let's assume you were totally disabled for eight months, and then you recover and are back to work full-time. With the Residual Disability Benefit Riders1 recovery provision you would continue to receive benefits, up to the full benefit period of the policy, for as long as you continue to suffer a loss of at least 15% of your prior income solely due to your sickness or injury. A carrier that has a time and duties requirement would not pay you a residual benefit. Most may pay a recovery benefit based on a 20% loss of income requirement due to the disability. However, some may limit their recovery benefits to a number of months, while others may pay for the full benefit period.

In our opinion, you are making a big mistake if you own a disability insurance contract that requires a loss of time and duties in order to receive a benefit check.

Important Provisions Within A Disability Insurance Contract For Sales Professionals

Non-Cancellable & Guaranteed Renewable- These renewability provisions are vital for the sales professional. When a policy is Non-Cancellable, the insurance company cannot change any of the policy provisions or premium as long as you pay the premiums on time.

surgeon

True Own-Occupation Definition of Total Disability- Have you ever changed industries? Ever changed jobs? The key point to this definition is that it will provide you with coverage if a disability prevents you from performing the duties of the occupation or occupations, if more than one, you were gainfully employed in during the 12 months before becoming disabled, even if you are able to work in a new capacity. This is a truly powerful definition of total disability.

Definition of Residual Disability- As in the scenario above, it is the definition of residual disability that does more to assist with your financial recovery. There are two major types of residual disability coverage in today's insurance market. The first type, that Berkshire offers, requires only a loss of income of at least 15% due to the disability in order to be eligible for residual benefits. The second type requires a loss of time or duties and at least a 20% loss of income due to the disability to qualify for residual disability benefits. If you are at work full-time doing all duties, and continue to suffer a loss of income due to the prior disability, you may be eligible for a recovery benefit under the Residual Disability Benefit Rider. Berkshire's recovery benefit may be payable for the full benefit period. Some companies limit the length of time for recovery benefits to be payable to a number of months instead of for the full benefit period. It is vital to have a residual disability definition that is based upon a loss of income only so that you can receive benefits sooner and for a longer duration.

Request a QuoteDisability Insurance Quotes
Call 888-513-2300

Click here for important information regarding the statistics and information displayed on this page.

1Optional riders are available for an additional premium.
2This benefit is not necessarily protection against increases in the cost of living.
3Retirement Protection Plus is not a pension plan or a substitute for one.

Financial Balance Group LLC is a general agency of The Guardian Life Insurance Company of America, NY, NY. Guardian Disability Insurance Brokerage is the brokerage arm of Financial Balance Group LLC. Disability insurance agent information provided on this web site is for broker use only. For important information about the disability insurance products and insurers discussed on this page, as well as information concerning Guardian Disability Insurance Brokerage or the General Agency representing Guardian, please click here.
Copyright Steven L. Crawford (General Agent).
Privacy Notice     Disclaimer