Call
800-686-8080
or

Individual Disability Insurance

Individual Disability Income Insurance Application:
 

Understanding the Need for Disability Insurance

Also known as Disability Income Insurance, this type of coverage protects your standard of living should you become disabled. Business owners and professionals can combine disability insurance with an overhead expense insurance policy to keep their business running until they can return to work.

There are many components of financial security, but your income makes everything else possible. What would happen if a sudden illness or injury caused your paychecks to stop? What if you could not work for months - or years? You would still have to pay most of your monthly bills, including food, utilities and car payments - not to mention increased medical expenses. 

Plan Ahead to Protect Your Current Lifestyle 

An Individual Disability Insurance Policy can:

• Provide  regular monthly income to help maintain your standard of living
• Provide customized coverage to fit your particular situation
• Help you retain your independence and dignity; prevent burdening your family and friends
• Help keep your current assets and financial goals for the future intact  

Brunswick Companies offers the coverage you need to protect your assets and peace of mind should you become unable to work. Our disability specialists will listen to your needs, explain the scope of insurance protection you require and recommend a program that best meets your expectations and financial goals.

We offer a variety of reputable plans from top-rated insurers. There are many companies offering disability insurance, and each product is different. Shopping for the lowest rate may result in obtaining a contract that offers little protection when you most need it. There are dramatic differences in coverages and exclusions, as well as cost-effectiness of coverage. Our insurance specialists are experienced in providing the information you need to compare policies and make an informed decision. 

Individual Disability Income Insurance Protects Your Future Earning Potential

Most of us understand the need for insurance to protect major assets, such as our home or car. But a surprising number of people fail to insure their greatest asset: their future earning potential. This is particularly true for attorneys, accountants, executives, consultants, sales and finance professionals, owners of small or home-based businesses and other professionals. 

Most people underestimate the probability that they will face a disability, perhaps thinking "It won't happen to me." But the fact is that one in three Americans will become disabled for a period of at least three months before reaching age 65, and the average length of disability is 2-1/2 years*.

*Commissioner's Individual Disability Table A, CSO

Think You're Already Protected? Common Disability Insurance Misconceptions

"I can buy disability insurance later" or "It costs too much."

"I have enough disability coverage through my employer." 

Group long term disability insurance is a great start. It typically covers 60% of your gross income and the benefits are usually taxable. Could you survive a 42% pay cut (after taxes) if you become disabled? What would happen if you lost your group disability benefits? It may make sense to purchase an individual disability income insurance policy now rather than later when it can be more expensive or not an option for you due to health reasons.

"Social Security or Workers' Compensation will take care of me."

The Social Security Administration initially denies about 65% of all claims* and pay benefits for total and permanent disabilities only**. Also, the benefits may not be enough to maintain your lifestyle. For example, the maximum benefit for someone earning $100,000 per year is only $16,800 per year.

Workers Compensation benefits are limited to only occupational diseases or injuries arising out of or in the course of employment.

* Social Security Forum, Volume 21, No. 5 - May 1999 (for fiscal year 1998) 
** Guide to Social Security and Medicare, 28th Edition, April 2000

"I can rely on my savings" or "my friends and family will help me out." 

Chances are you're not saving for a disability - you're saving for a new home, retirement, your children's college education, travel, etc. Even if you save 10% of your salary, a one-year disability could eliminate many years of savings. Would you want to put that burden on your family? How long could they support you?

"Would a disability insurance policy even cover the type of illness or injury I encounter?" 

For those that qualify, there is a quick and simple application process with no routine medical requirements. Plus, you get an underwriting decision within 48 hours after your application and telephone medical interview are received in good order. 

Prepare Against Disability