Disability Insurance
At Higginbotham, we understand that protecting your income and securing your financial future is essential, which is why we offer a comprehensive suite of disability insurance solutions tailored to meet diverse needs.
At Higginbotham, we understand that protecting your income and securing your financial future is essential, which is why we offer a comprehensive suite of disability insurance solutions tailored to meet diverse needs.
Safeguarding against the loss of a key employee? Preparing for unforeseen long-term disabilities for yourself or a family member? Seeking specialized coverage to get back to your professional sports career? We have the industry expertise and coverage options to help provide peace of mind.
Key person disability insurance can provide cash flow to maintain business operations if an essential employee can no longer work due to a disability.
Key person disability benefits could be used to hire a temporary employee or defray employee replacement costs, including recruitment, training and unfunded salary continuation.
At Higginbotham, we offer a variety of options when it comes to key person disability insurance, including:
Coverage that helps replace a portion of the policyholder’s income if a long-term disability prevents them from working
Often referred to as permanent or career-ending disability insurance, this coverage is designed to offer a replacement for income when an accidental bodily injury or sickness prevents the policyholder from being able to work. Policies typically have a waiting period between several weeks to several months with a maximum benefit period ranging from a few years to life.
Depending on the policy terms, a lump sum benefit payment could be paid if the insured is permanently disabled. This benefit is often thought of as a “career-ending benefit” because it is designed to help recoup the loss of future earnings.
Coverage that can provide a monthly or weekly benefit while the policyholder recovers from accidental bodily injury or sickness
Monthly benefits can begin following the elimination period and can pay out for as long as the total disability continues, but no longer than the benefit period. Unless otherwise stipulated in the policy, in the event of multiple separate claims, each claim will have a full benefit period eligibility.
A great plan starts with a conversation. Let’s talk about what you need.
Investment advisory products and services offered through Lion Street Advisors, LLC (LSA), an investment adviser registered with the SEC Higginbotham Financial, and LSA are not affiliated. LSA does not provide tax or legal advice. This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. Lion Street Advisors.
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