Disability and Self Employment-FDP Insurance

Self employment and disability insurance

As a self employed person you are responsible for your entire business. If business is off- you can not rely that a paycheck will come in.  When times are lean you rely on what business comes in- when you build a sucessful business you reap the profits.  After working so hard to build a business you want to protect what you’ve built. One disability or sickness can set you back years or financially destroy what you have- Disability insurance can keep cash flow coming in and keep your business from being destroyed.

Unfortunately Life happens and in the case of accident or sickness- nobody will pay your bills if you are unable to work. Disability insurance allows you to collect a paycheck to keep your expenses paid- Disability insurance covers you 24 hrs a day- 90 % of disabilities are due to sickness. Disability policies can pay your mortgage or rent, put food on your table, and keep expenses paid. You can cover up to 60% of your net income.  

 

FDP Insurance | Life Auto Medicare Disability & Commercial

Other policies are available called Business Overhead Expense insurance- Business overhead expense will pay the expenses of your business (not you) so that you can keep an office lease paid – pay utilies and insurance-  some policies may even pay the salary of a replacement for you that you hire- until your well enough to return to work. This keeps the business you’ve spent years and sweat building — alive.

Short term diability policies start paying as soon as you are out of work- The policies can have a zero day or seven day elimination period and then will start paying your paycheck-   and  long term disability policies are available- Long term disability policies are designed to kick in after your personal reserves of 2 or 3 months liquid savings starts to run out- Its designed to keep you from using up all your retirement income you’ve saved–  disability coverage is available for white and blue collar professions. Different companies may work with one group better than another- Call FDP Insurance to get a quote for your well being.