Disability Income Insurance for Attorneys

As an attorney, your income is a product of your hard work, time and money. No matter the form of law you practice, you are able to earn your income because of your ability to apply knowledge of law to real life events and situations. The income potential you have as an attorney is very handsome but certainly not guaranteed. Have you ever considered what would happen if you were to become unable to work as an attorney because of an injury or illness?

Your ability to practice law and earn an income is your most valuable financial asset. It is what allows you and your family to live the quality of life you do. Every day, you pay great attention to laws, contracts, trusts and much more. Doesn’t it make sense to put as much attention on protecting your income with quality Disability insurance?

Disability insurance contracts can be designed in many different ways, using many different provisions and definitions. By nature of occupation, you already tend to review and analyze things more than most professionals. You should be just as analytical regarding your Disability insurance. Here are a few points you’ll want to look for:

Your policy should be Noncancelable and Guaranteed Renewable, which means that the insurance company cannot change the provisions of your contract or pricing, so long as you pay your premiums on time.

Your policy should provide you a True Own-Occupation definition of disability. True Own-Occupation Disability insurance will provide you with benefits when an injury or illness prevents you from performing the material and substantial duties of being an attorney, even if you are employed in a different occupation.

Your policy’s Residual disability benefits should be triggered by a loss of income, not a loss of time. It should also provide a recovery period that pays up to the full benefit period.

Our Disability insurance specialists can help you understand and purchase Own-Occupation Disability insurance to protect your income, your family and your quality of life. We will help you design a Disability insurance policy that fits your circumstances and concerns and provides you true Own-Occupation Disability insurance for your occupation. Request a Disability Quote today or call 1–800–817–4522 to speak with a specialist about the options and riders available to you.