Disability Insurance

Fact: The odds of becoming disabled for 90 days or longer are much greater than dying during one’s working years. Disability insurance is designed to replace income when wages are lost due to a disability. It provides a guaranteed flow of periodic income payments while you are disabled. Our professionals have access to industry leading products and the knowledge to help you choose the right policy to fit your needs. For a complimentary review of your current policy or for more information, questions or quotes, Contact Us.

Most Americans insure their lives and material assets, like their homes, cars, etc. but many overlook the need to protect their income. All too often, what is thought to be a well-planned insurance program is proven completely inadequate when a disability materializes.

Disability Defined
With one exception, partial disability, an insured must be totally disabled before benefits under a disability income policy are payable. What constitutes total disability varies from policy to policy. The insured must meet the definition set forth in his or her policy. Basically, there are two definitions: any occupation or own occupation.

Any Occupation
The “any occupation” definition of total disability requires that the insured be unable to perform any occupation for which he or she is reasonably suited by reason of education, training or experience.

Own Occupation
The “own occupation” definition of total disability requires that the insured be unable to work at his or her own occupation as a result of an accident or sickness. Professionals such as doctors, dentists, etc. normally choose this type of policy because of the large wages that they need to replace in the event of a disability.
On the surface, most disability policies appear very similar to an untrained person. However, nothing could be farther from the truth. ALL POLICIES ARE NOT THE SAME! Don’t find out too late that the coverage you have really isn’t the coverage you thought you had and need. The professionals at Northern Financial Management have access to industry leading products and the knowledge to help you choose the right policy to fit your needs.

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