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  • Home
  • About
    • Who We Are
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    • Philosophy
    • Firm Consultants
    • Financial Partners
    • Our Strategic Partners >
      • Legal Shield
      • ID Shield
      • Mile IQ
    • Client Focus
    • Client Testimonials
    • Refer a Friend
  • Services
    • Infinite Banking Concept
    • Insurance
    • Tax-Free Retirement
    • College Funding
    • Home Equity Transfers
    • Budget Analysis
    • Debt Consultation
    • Quotes >
      • Term Life Insurance Quote
      • Permanent Insurance Quote
      • Annuity Quotes
      • Final Expense Insurance Quote
  • Education
    • Financial Workshops
    • Educational Seminars
    • Blog
    • Newsletter Signup
    • Educational Videos
    • Glossary
  • Calculators
    • Wealth Watch >
      • Human Life Value Calculator
      • Net Worth Calculator
      • Future Value Calculator
      • Savings Calculator, Taxes and Inflation
      • Savings Calculator (compounding interest)
    • Investing >
      • Taxable vs. Tax Deferred vs. Tax Free Investment
      • Compare Investment Fees Calculator
      • Mutual Fund Expense Calculator
    • Taxes >
      • Charitable Contributions Calculator
      • Estate Tax Liability Calculator
      • Marginal Tax Rate Calculator
      • Net to Gross Paycheck Calculator
      • Payroll Deductions Calculator
      • Self-Employment SE Taxes Calculator
      • Student Loan Tax Rate Calculator
    • Business Finance >
      • Cash Flow Calculator
      • Profit Margin Calculator
      • Working Capital Calculator
      • Breakeven Analysis Calculator
      • Business Debt Consolidation Calculator
      • Business Valuation Calculator
      • Equipment Buy vs. Lease Calculator
      • Investment Loan Calculator
      • Like Kind Exchange Calculator
      • Line of Credit Calculator
      • Loan Tax Savings Calculator
      • Stock Distribution Calculator
    • Retirement >
      • Life Expectancy Calculator
      • Social Security Benefits Calculator
      • Fixed Annuity Calculator
      • Retirement Planner Calculator
      • Retirement Income Calculator
      • Retirement Savings Calculator
      • Retirement Shortfall Calculator
      • Required Minimum Distribution RMD Calculator
    • Insurance >
      • Life Insurance Calculator
      • Long Term Care Calculator
      • Human Life Value Calculator
      • Human Life Value Calculator
    • Personal Finance >
      • Family Income Calculator
      • Home Budget Calculator
      • Budgeting Calculator
      • Amortization Loan Calculator
      • Auto Loan Calculator
      • Lease vs. Buy
      • Auto Rebate vs. Interest Rate Calculator
      • Health Savings Account (HSA) Calculator
      • College Savings Calculator
      • Student Budget Calculator
      • Savings Goals Calculator
    • Mortgages >
      • Rent vs. Buy Calculator
      • Home Buyer Savings Calculator
      • Mortgage Qualifier Calculator
      • Mortgage Required Income Calculator
      • Mortgage Loan Calculator
      • Maximum Mortgage Calculator
      • Mortgage Points Calculator
      • 15 Year vs. 30 Year Mortgage Calculator
      • ARM & Interest Only ARM vs. Fixed Rate Mortgage
      • Interest Only Mortgage Calculator
      • Adjustable Rate Mortgage Calculator
      • Home Equity Line of Credit Calculator
      • Refinance Breakeven Calculator
      • Reverse Mortgage Calculator
    • Debt/Liabilities >
      • How Much Do You Owe Calculator
      • Cost-of-Debt Calculator
      • Credit Card Debt Calculator
      • Credit Card Pay Off Calculator
      • Roll-down Your Credit Card Debt Calculator
      • Student Loan Calculator
  • Contact
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Disability Insurance

Did you know more than 1 in 4 people today will become disabled at some point before retirement? It only takes a few minutes to find out how we can protect your future.

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What is Disability Insurance?

Disability Insurance, often called DI or disability income insurance, or income protection, is a form of insurance that insures the beneficiary's earned income against the risk that a disability creates a barrier for a worker to complete the core functions of their work. 

For example, the worker may suffer from an inability to maintain composure in the case of psychological disorders or an injury, illness or condition that causes physical impairment or incapacity to work. It encompasses paid sick leave, short-term disability benefits (STD), and long-term disability benefits (LTD).

Statistics show that in the US a disabling accident occurs on average once every second. In fact, Nearly 18.5% of Americans are currently living with a Disability, and 1 out of every 4 persons in the US workforce will suffer a disabling injury before retirement.

Types of Disability Insurance

Individual Disability Insurance - Those whose employers do not provide benefits, and self-employed individuals who desire disability coverage, may purchase policies. Premiums and available benefits for individual coverage vary considerably between companies, occupations, states and countries. In general, premiums are higher for policies that provide more monthly benefits, offer benefits for longer periods of time, and start payments of benefits more quickly following a disability claim. Premiums also tend to be higher for policies that define disability in broader terms, meaning the policy would pay benefits in a wider variety of circumstances.

High-limit Disability Insurance - High-limit disability insurance is designed to keep individual disability benefits at 65% of income regardless of income level. Coverage is typically issued supplemental to standard coverage. With high-limit disability insurance, benefits can be anywhere from an additional $2,000 to $100,000 per month. Single policy issue and participation (individual or group long-term disability) coverage has gone up to $30,000 with some companies.

Key-person Disability Insurance -  Key Person Disability Insurance provides benefits to protect a company from financial hardship that may result from the loss of a key employee due to disability. The company can use the benefits to hire a temporary employee should the disabled employee's disability appear to be short-term. In the case of permanent disability, benefits are used to help defray costs related to hiring a replacement, including recruitment, training, startup, loss in revenue and unfunded salary continuation costs.

Business Overhead Expense Disability Insurance - Business Overhead Expense (BOE) coverage reimburses a business for overhead expenses should the owner experience a disability. Eligible benefits include: rent or mortgage payments, utilities, leasing costs, laundry/maintenance, accounting/billing and collection service fees, business insurance premiums, employee salaries, employee benefits, property tax, and other regular monthly expenses.

Contact us to learn more about the disability insurance coverage for you.
(302) 504-6450​
Middletown, DE 19709​
Click Here to Email Us
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CORE Financial Partners​
Middletown, DE 19709
​Toll Free: (866) 514-8647​
Direct: (302) 504-6450
Click Here to Email Us

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