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|Long Term Disability|
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DISABILITY INCOME INSURANCE
Make the Right Choice for Your Business and Lifestyle
Individual disability insurance is designed to replace up to 60% of your gross income on a tax-free basis should a sickness or illness prevent you from earning a living. Capacity Financial can help you make the right choices for your Disability Income Plan. Here are some of the frequently asked questions (FAQ).
Is the policy non-cancelable and guaranteed renewable? A guaranteed renewable policy provides considerable security, since the insurance company can't raise your premium or cancel the policy as long as you pay your premium.
What is the insurance company's definition of disability? There are three basic definitions which include:
Own Occupation: The occupation you were working in just prior to your disability. If your "own occupation" is protected, the policy will not require you to work in another occupation.
Any Occupation: Some policies will not pay benefits if you can perform "any" occupation you
are suited for, based on your education, training, and experience.
Partial or Residual: Some policies will pay a proportionate benefit if you become partially disabled and suffer a loss of earnings.
Contact: Davis J. Rieman Jr., CFP 201-661-2347