Income protection refers to the role life and disability insurance play in safeguarding your financial future. If a premature death or disability prevents you from earning an income, these policies ensure that your financial plan stays on track—helping to cover daily expenses, debts, and long-term goals.

Anyone who relies on their income to support themselves or their loved ones. This includes professionals, business owners, self-employed individuals, and families who want to ensure financial security in case of an unforeseen event.

The sincere hope is that you never do. But like many forms of protection, it’s better to have it and not need it than to need it and not have it. Life and disability insurance are designed to protect your income and financial stability in case of an unexpected death or disability.

Pre-existing conditions can impact your coverage options and premium costs. While some conditions may limit benefits or exclusions may apply, the need to protect everything else remains just as important. Providing as much information on the front end will help us to find the best available options.

Disability insurance replaces a portion of your income if you’re unable to work due to illness or injury. An ideal policy provides protection in your occupation and covers both total and partial disability.

Most policies replace 50–70% of your income. The right amount depends on your expenses, savings, and financial commitments. The goal is to ensure you can maintain your standard of living if you can’t work due to illness or injury. It’s also worth noting that some disabilities are very expensive to treat so it’s worth factoring that into the equation.

This depends on your financial obligations, such as income replacement, debts, mortgage, education costs, and future expenses for your family. It also depends on what goals you want the insurance to accomplish.

• Term Life: Covers you for a set period (10, 20, or 30 years) and is generally more affordable.

• Permanent Life: Provides lifelong coverage with a cash value component that grows over time.

Many people believe:

• "I’m young and healthy, so I don’t need it." (Accidents and illnesses can happen at any age.)

• "Workers' compensation will cover me." (It only applies to work-related injuries, which are a small percentage of disabilities.)

• "Social Security disability benefits are enough." (They are difficult to qualify for and often inadequate.)

Life insurance provides a tax-free lump sum to your beneficiaries to cover lost income, mortgage payments, education expenses, daily living costs, and other financial obligations.

This is the hardest question to answer without going through the quoting process. Costs vary based on age, health, occupation, coverage amount, and policy type. Generally, life insurance is more affordable when purchased younger, and disability insurance costs more for higher-risk professions. In terms of combined cost, we can tailor fit plans to fit within clients budget. If you’re looking for a number, plan on about 1%-3% of your income for a solid disability plan and much less than that for term life.

Yes! In fact, self-employed individuals often have the greatest need for disability coverage since they don’t have employer-sponsored benefits to fall back on.

Many policies cover disabilities resulting from mental health conditions such as depression and anxiety, but terms vary. Some policies may have limitations or exclusions, so reviewing the fine print is important.

• Life insurance: If you have an individual policy, it stays with you. If it’s employer-provided, you may lose it when you leave.

• Disability insurance: Group disability coverage usually ends with your job, while individual policies remain in effect as long as you pay the premiums.

Yes! Employer-provided disability coverage is often limited, so supplementing with an individual policy ensures more comprehensive protection.

The best time is as early as possible—when you’re young and healthy. Premiums increase with age, and health changes could impact your eligibility later on.

It’s best to request a quote and provide information on health history. Often times insurance can be purchased with simplified underwriting (no medical exam). Talk to us about what would be needed from an underwriting perspective. 

Yes! You can design the coverage that meets you and your clients needs.

Start by either requesting a quote OR by contacting us direct

As a business owner, your ability to generate income is critical—not just for you but for your employees and partners. Life and disability insurance help ensure that your business can continue operating even if you’re unable to work due to illness, injury, or premature death.

BOE insurance covers fixed business expenses (rent, utilities, employee salaries, etc.) if the owner becomes disabled and can’t work. This helps keep the business running while you recover or make long-term decisions. There are also options within these policies to help protect business loans in the event of a disability.

Key person insurance (life or disability) protects a business from financial loss if a key employee, owner, or executive passes away or becomes disabled. The business receives the benefit to cover lost revenue, hiring/training replacements, or maintaining operations.

Without protection, you may struggle to cover business expenses, which could lead to downsizing or closure. BOE insurance covers operating costs, while personal disability insurance ensures you can still meet personal financial obligations.

Life insurance ensures a smooth transition by providing funds for a buyout if a partner or owner passes away. A buy-sell agreement funded with life insurance allows surviving partners to buy out the deceased owner’s share without financial strain.

A buy-sell agreement is a legal contract between business owners that outlines what happens if an owner dies, becomes disabled, or leaves the company. Life and disability insurance are often used to fund these agreements, ensuring the business remains stable.

Yes! A disability buyout policy allows partners to buy out a disabled owner’s share of the business if they can no longer work, ensuring a smooth transition and financial stability.

You can offer group disability insurance as an employee benefit or provide individual policies for key employees. This helps attract and retain talent while ensuring employees have income protection if they can’t work. Contact us if you have a group and we can discuss options.

In some cases, yes! Business overhead expense insurance premiums are generally tax-deductible, while key person and buy-sell life insurance premiums may not be. It’s best to consult a tax professional for specific guidance.

Disability insurance is most commonly purchased by high-earning professionals whose income is essential to maintaining their lifestyle and financial obligations. This includes:

• Medical Professionals – Doctors, dentists, veterinarians who have invested heavily in their education and training. Many of these individuals also have the rely on the unique combination of both motor and cognitive skills to do their jobs. 

• Legal Professionals – Attorneys, judges, and legal consultants whose income depends on their ability to work.

• Business Owners & Executives – Entrepreneurs and key executives who play a critical role in their company’s success.

• Financial Professionals – CPAs, financial advisors, and investment managers who help clients manage wealth.

• Engineers & Architects – Professionals in fields requiring specialized knowledge and technical skills.

• Skilled Trades & High-Risk Jobs – Certain tradespeople, such as electricians and construction managers, may also seek disability insurance due to the physical demands of their work.

Ultimately, anyone who relies on their income to maintain their financial security should consider protecting their income using disability insurance.