
Many small business owners have purchased disability income insurance to protect their salary. That’s great news! Having a personal disability insurance policy will replace part of your clients own income if he/she were unable to work due to an illness or injury. But, if that’s the only disability income insurance these clients have, they’re leaving their business open to a considerable amount of financial risk. There are several types of disability income insurance geared specifically for small business owners that could save your clients a lot of stress and economic headaches in the future.
More than 26 million Americans—about 16% of the total workforce—work remotely at least part of the time, according to a 2019 U.S. Bureau of Labor Statistics (BLS) report. Between 2005 and 2015, the number of U.S. employees who telecommuted increased by 115%. It’s hard to imagine what those numbers might look like today in our new COVID-19 world.
Lead nurturing is an essential part of the sale and marketing process. This nurturing process is not much different than caring for a house plant. For your house plants to grow, you need to provide water, nutrients, sunlight when the plant requires it. Too much or too little of any may kill it.
Disability income insurance is different from all other types of insurance. The cost of your car insurance is based on how many years you’ve been driving (your age), the value of your car, your driving history and a few other factors. The cost for disability income insurance is based on similar components such as age and your medical history – however, unique factors affecting the cost of disability insurance are related to the policy features chosen by the insured. The decisions your client makes about policy design also impact the price.