Executive Disability

According to CNA Central (2008), the chances of becoming disabled for 90 days or longer from illness or injury, in any given year,  is 13 times greater than the chances of dying. Disability insurance protects the income that provides for business and lifestyle needs. Business owners – and some key executives – are actively involved in all phases of their business and wear many hats throughout the course of a day. Successful, stable business owners present a different claims experience and persistency than employees and new business owners.

To meet the diversity of needs of business owners and executives, executive disability plans are individually designed portfolios that address specific long-term considerations as well as short-term. Income protection, business overhead expense, and disability buy-sell plans can be part of the portfolio. The portfolio may be enhanced through the addition of riders to meet identified short and long-term needs associated with business continuation and life style requirements.