Independent consultants are business owners and like all business owners, you are responsible for many issues that typically would be covered by an employer. Unlike other consultants who work for government agencies and large employers, you are not afforded the luxury of paid employee benefits like long-term disability insurance. For this reason, it is critical that independent consultants secure an individual disability insurance policy to protect their future earnings and quality of life. Our firm can help you evaluate your options and ultimately apply for the policy that best fits your needs and budget.
Understanding Disability Insurance
Considering that you are self-employed and therefore your sole source of income, it is critical that you purchase a disability insurance policy that includes the appropriate benefits and provisions to properly protect you and your family. Below is a brief list of important policy provisions an independent consultant should consider:
- Own-occupation definition of total disability
- Residual disability rider with recovery benefits
- Non-cancelable and guaranteed renewable
Applying for Disability Insurance
Depending on your occupational duties and level of education, most consultants will qualify for one of the top two occupation classifications with the leading insurance carriers. Our firm can help you compare multiple disability insurance options to decide which policy is most appropriate for your situation. Call us today at 800-817-4522 or submit a quote request.