Definition of Disability
Insurance brokers and financial professionals should understand and explain the definition of disability in the disability insurance policy to their potential clients; the definition of disability in a individual disability policy and a business overhead expense policy is critical because this is what determines the insured’s claim. In some disability insurance contracts, if the insured is not able to perform his or her job but he or she can work in another capacity, he or she may not be considered disabled. Disability specialists at Source Brokerage, Inc. can explain the different definitions of disability to you and ensure you provide a contract with the best definition of disability available for your client’s occupation.
With skilled lawyers from big and small law firms alike working on these profitable cases, there is an opportunity for insurance brokers and financial professionals to jump in and offer small law offices small business disability insurance plans provided by Source Brokerage, Inc. Disability income insurance can provide surety to high-income attorneys that in the event they are knocked out of action—whether by accident or illnesss—their income is protected and their future is secure.
As a broker, how would you sell the idea of disability insurance to a lawyer? Whether the lawyer is just beginning his career or already a senior partner in the firm, he will always feel confident that he will be able to maintain his high income. A broker who understands the unpredictability of fate can raise the possibility of a disabling illness or injury and the loss of income that could occur from this type of unexpected event.
Financial planners and insurance brokers can provide the education and disability income policies employees and small business owners need. Source Brokerage Inc. can help financial planners and insurance brokers design disability income plans for the small business owner and his employees. It can be a win-win for the employee and the business owner. The study also revealed that being granted disability benefits can make almost 60% of employees “feel more favorably” toward their boss or employer, which becomes a great selling point for small business disability insurance brokers as they make presentation to their small business owner clients.