What would happen to my family if I was injured and couldn’t work?

Disability Income


Protect your Most Valuable Asset - Your Ability to Make Money

Americans insure their lives and their material assets, such as their homes, cars, etc., but many neglect to protect what for many is their most valuable asset – their ability to earn an income. It's a fact of life that when you're sick or injured, your expenses go up and your income goes down.

Disability Insurance is designed to enable you to earn an income when you are having long term medical problems that prevent you from performing your job. Whether disability income insurance is offered through your employer or not, IPS Advisors can help you understand your current policies to determine whether your coverage is sufficient to meet your needs.

Business Owners Beware

If you are a business owner, and become disabled and cannot work, you are no longer an active employee and cannot receive a salary. Any income you receive may be treated as dividends which are not deductible by the business, must be distributed equally to all shareholders, and are not eligible for salary deferrals or retirement plan contributions. When you are no longer an active employee you are no longer eligible for employer paid Group Health or Life Insurance.

We Work to Maximize Your Coverage and Minimize Your Premiums

IPS Advisors offers disability income plans. We customize your insurance policy so you can maximize your coverage and lower your premium as much as possible. Contact us for a personal, no obligation consultation.

  • Businesses:
    • Group Disability Income
    • Group Supplemental Life 
    • Business Overhead Expense Coverage
    • Salary Continuation for Selected Executives
    • Retirement Completion Protection
    • Buy/Sell Agreement Funding
  • Individuals:
    • Individual Disability Income
    • Specialized Coverage for Athletes and Performers

Additional Resources

This material is for informational purpose only and is not meant as tax or legal advice. Please consult with your tax or legal advisor regarding your personal situation. NFP does not provide legal or tax advice.

Due to the relatively short period of time the life settlement market has existed, the market is currently loosely regulated and the number of bidders for any marketed policy may be limited. Prior to selling a policy, the insured should consider factors such as the continued need for insurance coverage, whether there are plans to replace the existing policy with another policy, how the sale of the policy will impact estate plans, and the availability of new insurance as well as the cost of comparable coverage. Where relevant, tax implications must also be taken into consideration.

Loans and withdrawals from insurance policies may generate an income tax liability, reduce available cash value and reduce the death benefit or cause the policy to lapse. Early withdrawals and other distributions of taxable amounts may be subject to ordinary income tax, a surrender charge, and if taken prior to age 59 ½, a 10% federal tax penalty may apply.

All guarantees are subject to the claims paying ability of the issuing insurance company.

To ensure compliance with requirements imposed by the IRS under Circular 230, we inform you that any U.S. Federal tax advice contained in this communication, unless otherwise specifically stated, was not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the Internal Revenue Code or (2) promoting, marketing, or recommending to another party any matters addressed herein.

Securities offered through Registered Representatives of NFP Securities, Inc., A Broker/Dealer and Member FINRA/SIPC Investment Advisory Services offered through Investment Advisory Representatives of NFP Securities, Inc. a Federally Registered Investment Advisor. IPS Advisors, Inc. is an affiliate of NFP Securities, Inc. and a subsidiary of National Financial Partners Corp., the parent company of NFP Securities, Inc. This site is published for residents of the United States only. Registered representatives and investment advisor representatives of NFP Securities, Inc. 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. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed.

For additional information, please contact the NFP Securities, Inc. Compliance Department at 512.697.6000

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