Specialty Disability Life Insurance Coverage
Business Overhead Expense Disability Insurance
Business overhead expense disability insurance, or BOE disability insurance, is disability insurance for your business. Therefore, it is specifically for business owners. This is often necessary since individual disability insurance does not cover loss of profit related directly to your business if you are unable to work due to injury or illness.
The policy payout can be used to cover day-to-day expenses until you are able to return to normal work activity.
Critical Illness Disability Insurance
Planning for a critical illness is never easy. However, taking the time to plan for an unfortunate diagnosis can provide you and your family with much greater financial confidence. Critical illness insurance is a type of disability insurance that covers you in the event you are diagnosed with a critical illness.
The way it works is simple: you pay monthly premiums in exchange for protection (benefits) that cover some or all of your costs associated with the critical illness if you were to receive a diagnosis.
High Limit Disability Insurance
High limit disability insurance, or HLDI, is a special type of disability insurance for high-net-worth individuals. Standard disability insurance for group and individual policies typically leaves a large gap between the limit and the individual’s current annual income.
A high limit disability insurance policy offers a much higher limit so that the policyholder does not potentially lose a large portion of their income earning potential due to injury or illness.
Reach Out To Vector Financial Group
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Simply fill out our form or give us a call at (248) 796-0995 to request a consultation, and we will set up a time to talk with you.
