Disability Insurance for Financial Professionals

The Purpose of Disability Income Insurance

As a successful financial professional, you are well aware of the importance of your ability to earn an income. The significance of a person’s ability to earn an income is so great that it is considered one’s most valuable asset. However, what would happen if you or a client were to suffer a serious sickness or injury?

In the event of a disabling sickness or injury, individual disability income insurance provides the means to maintain the pre-disability standard of living. Disability income insurance is designed to replace up to 60% of an individual’s taxable income every month during a sickness or injury. Thus, disability income insurance allows an individual to continue to support oneself, a family, and a business.

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Important Definitions

What gives a disability contract its strength are the definitions within the policy. Berkshire is able to pay more money to an insured, and in more situations than our competition because of those definitions.

• True Own Occupation Definition of Total Disability- Certainly the most sought after, and powerful definition of total disability in the marketplace. With an Own Occupation contract, you are considered totally disabled if solely due to injury or sickness you are not able to perform the material and substantial duties of your occupation. Your occupation, or occupations if more than one, is defined as the occupation you are engaged in at the time of disability. You are considered totally disabled even if you are at work in some other capacity so long as you are not able to work in your regular occupation.
• Definition of Residual Disability- Residual disability means that you are at work and are not totally disabled, but have suffered an income loss due to a sickness or injury. Berkshire will continue to pay you up to the length of the benefit period even if you have recovered from the disability, as long as you have an income loss of at least 15% that is a result of the disability.

This section of the web site was designed for your personal use, as well as for use by your clients. Feel free to request a quote for any of your clients. All information is kept confidential, and we will only correspond directly with you. We will not talk with your clients.

Many of your clients may already have disability insurance in some form or another. However, please use this site as a reference for your clients and yourself. Explore the other sections of the site to help you understand the need for disability insurance in a variety of different circumstances vital to one's financial security.

Request a Quote

Call 888-513-2300