{"id":260,"date":"2016-04-28T15:43:46","date_gmt":"2016-04-28T15:43:46","guid":{"rendered":"http:\/\/www.himmelsteinfinancial.com\/?page_id=260"},"modified":"2017-04-25T18:52:07","modified_gmt":"2017-04-25T18:52:07","slug":"disability-income","status":"publish","type":"page","link":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/disability-income\/","title":{"rendered":"Disability Income"},"content":{"rendered":"<p><img data-attachment-id=\"297\" data-permalink=\"https:\/\/staging.himmelsteinfinancial.com\/index.php\/disability-income\/disability\/\" data-orig-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?fit=635%2C114&amp;ssl=1\" data-orig-size=\"635,114\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"disability\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?fit=300%2C54&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?fit=635%2C114&amp;ssl=1\" loading=\"lazy\" class=\"alignnone size-full wp-image-297\" src=\"https:\/\/i0.wp.com\/www.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?resize=635%2C114\" alt=\"disability\" width=\"635\" height=\"114\" srcset=\"https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?w=635&amp;ssl=1 635w, https:\/\/i0.wp.com\/staging.himmelsteinfinancial.com\/wp-content\/uploads\/2016\/04\/disability.png?resize=300%2C54&amp;ssl=1 300w\" sizes=\"(max-width: 635px) 100vw, 635px\" data-recalc-dims=\"1\" \/><\/p>\n<h1>Disability Income Ins. for Business Owners<\/h1>\n<hr \/>\n<p class=\"opening\">One of your greatest assets is the ability to earn an income. If you were to lose that ability due to a disabling accident or illness, how would you pay your bills, send your kids to college, and save for retirement?<\/p>\n<p>A disability can create substantial economic hardship for individuals and their families. As a business owner, both your personal finances and your business could be at risk.<\/p>\n<p>One way to help protect against the financial loss associated with a disability is to purchase disability income insurance. If you pay the premiums, an individual policy can provide you with a tax-free income stream while you are unable to work.<\/p>\n<h2>Weigh Your Options<\/h2>\n<p>When evaluating disability income insurance policies, it\u2019s helpful to consider the following.<\/p>\n<ul>\n<li><strong><em>Definition of disability.<\/em><\/strong> You can typically choose between \u201cown occupation\u201d coverage and \u201cany occupation\u201d coverage. With \u201cany occupation\u201d coverage, you can claim disability only if you are unable to perform any type of job. This type of coverage is generally less expensive than \u201cown occupation\u201d coverage.<\/li>\n<li><strong><em>Amount of monthly coverage.<\/em><\/strong> You can purchase disability insurance that will replace a certain percentage of your income \u2014normally up to 50% or 60% of your pre-disability income. You should purchase coverage that will enable you to meet your monthly financial obligations.<\/li>\n<li><strong><em>Waiting period. <\/em><\/strong>The waiting period represents the amount of time that must pass between the date you become disabled and the date that disability income payments begin. The longer the waiting period, the less expensive coverage will be.<\/li>\n<li><strong><em>Benefit period.<\/em><\/strong> The benefit period can range from several months to life. The longer the benefit period, the higher the cost of insurance.<\/li>\n<\/ul>\n<p>A disability income insurance policy could make the difference between financial security and financial hardship. Don\u2019t wait to consider this protection until it\u2019s too late.<\/p>\n<hr \/>\n<p><script>\n  (function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','https:\/\/www.google-analytics.com\/analytics.js','ga');<\/p>\n<p>  ga('create', 'UA-98105268-1', 'auto');\n  ga('send', 'pageview');<\/p>\n<p><\/script><\/p>\n<h4 style=\"text-align: right;\">Stumped ? Call Paul !<\/h4>\n<p class=\"note\"><em>The information in this article is not intended to be tax or legal advice, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek tax or legal advice from an independent professional advisor. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. This material was written and prepared by Emerald. \u00a9 2016 Emerald Connect, LLC<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Disability Income Ins. for Business Owners One of your greatest assets is the ability to earn an income. If you were to lose that ability due to a disabling accident or illness, how would you pay your bills, send your kids to college, and save for retirement? A disability can create substantial economic hardship for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"spay_email":""},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/PdUwpZ-4c","jetpack-related-posts":[{"id":228,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/disability-insurance-services\/","url_meta":{"origin":260,"position":0},"title":"Income Protection Resource Center","date":"04\/20\/2016","format":false,"excerpt":"Disability Insurance Quotes & More (These Links will open in a new window. Please disable your pop-up blocker if you are having trouble viewing them.)","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/advisors\/","url_meta":{"origin":260,"position":1},"title":"25 Items Advisors Need","date":"04\/15\/2016","format":false,"excerpt":"Advisors Can Find Opportunities with Their Clients... \u00a0 and Look like a Hero at the Same Time If you read this and it sparks attention please don\u2019t be afraid to call or email Waiting or talking RMDs only at retirement. If they hate paying taxes now they will hate it\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/products\/","url_meta":{"origin":260,"position":2},"title":"Products","date":"04\/07\/2016","format":false,"excerpt":"Products We Represent We can give you and your client access to many top-notch products from an array of quality carriers. Please use us for any of the following: Life Insurance Annuities Disability Income Long Term Care Retirement Products Questions ? Call Paul !","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":266,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/life-insurance\/","url_meta":{"origin":260,"position":3},"title":"Life Insurance","date":"04\/28\/2016","format":false,"excerpt":"Why Purchase Life Insurance? We\u2019ve all heard about the importance of having life insurance, but is it really necessary? Usually, the answer is \u201cyes,\u201d but it depends on your specific situation. If you have a family who relies on your income, then it is imperative to have life insurance protection.\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":262,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/long-term-care\/","url_meta":{"origin":260,"position":4},"title":"Long Term Care","date":"04\/28\/2016","format":false,"excerpt":"Am I Prepared for Long-Term Care Expenses? In general, Americans are not sufficiently prepared to pay for long-term care. Many of them go through their lives simply hoping that they won\u2019t ever need it. Unfortunately, in the event that you or a loved one does need long-term care, hope won\u2019t\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":250,"url":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/annuities\/","url_meta":{"origin":260,"position":5},"title":"Annuities","date":"04\/28\/2016","format":false,"excerpt":"Why Do People Buy Annuities? Annuities are insurance-based financial vehicles that\u00a0can provide\u00a0many benefits sought\u00a0by\u00a0retirement-minded investors. There are a number of reasons why people buy annuities. Deferral of taxes is a big benefit, and so is the ability to put large sums of money into an annuity \u2014 more than is\u2026","rel":"","context":"Similar post","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/pages\/260"}],"collection":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":9,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/pages\/260\/revisions"}],"predecessor-version":[{"id":648,"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/pages\/260\/revisions\/648"}],"wp:attachment":[{"href":"https:\/\/staging.himmelsteinfinancial.com\/index.php\/wp-json\/wp\/v2\/media?parent=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}