Disability Income Insurance

​​In the event of an unexpected illness or injury that prevents you from earning an income, disability income insurance - either a group or individual policy - can help by replacing a portion of your income to help meet expenses during that disability.
Options that may be available with a disability income insurance policy:

• Inflation protection
• Ability to increase benefit amount with no additional  medical underwriting
• Benefits paid for a partial disability
• Protection for retirement contributions
• Catastrophic disability income benefit

In the event of the disability of a partner/owner in a practice, there are a number of things that disability income insurance can help with:

• Paying the operating expenses of the business
• Funding partnership buyouts
• Replacing lost earnings of a partner/owner or an employee on a tax-advantaged basis to the business
• Providing return-to-work benefits to a partner/owner or his or her employees
• Protecting and maintaining retirement contributions of a partner/owner or of an employee​
  

Member Advantages:

• Premium discount - 10%
• “Modified own occupation” or “own occupation” definition of disability
• Guaranteed level premiums to age 65
• Non-cancelable (premiums and benefits stated in the policy cannot be changed as long as premiums are paid on time)
• Guaranteed renewable coverage

Not a MSBA YL member?
Not a BABC YLD member?

​To speak to a licensed insurance representative email Danielle Kirschner, CFBS or call 516-408-5635