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Disability Insurance

Individual Disability Products

The statistics are alarming. Nearly 1 in 4 Americans will become disabled before they retire. It’s enough to have you looking twice for discarded banana peels and open manhole covers before you walk down the sidewalk. But it wouldn’t do you much good. The reality is accidents don’t cause most disabilities. Instead, back injuries, cancer, heart disease and other illnesses are usually to blame. And that’s precisely why disability insurance should be a core component of your financial life.

ProVider Plus — protection when you need it most

Your income is the foundation to the life you created. Without income, everyday life and plans for the future are affected. When you fall ill or have been injured in an accident, you have enough on your mind without having to worry about where your next paycheck will be coming from. Of course, if you had ProVider Plus disability income insurance, you may not have to worry at all. Backed by Seven Corners, one of the leading providers of individual disability income insurance, a ProVider Plus policy can offer you flexible, robust coverage that can help protect against the financial impact of a disability. 

To ensure that protection will be there when you need it, ProVider Plus is non-cancelable and guaranteed renewable to age 65 (or to age 67). That means we cannot change any policy provision and cannot increase the premiums as long as you pay your premiums on time.

Things to consider when evaluating disability income coverage:

How much income replacement will I need?


Evaluate your monthly expenses to determine your risk. As a general rule, you may be eligible for a monthly benefit equal to about 60% of net salary or business income. Discuss your personal situation with your insurance professional who can provide further detailed assessment of your income replacement needs.

Can I also protect any future income increases I may receive?


Any policy issued will include a monthly benefit amount based on your current financial and occupational information. Most policies also offer a future insurability feature (or "future insurability option") that allows for the purchase of additional coverage without the need to provide further evidence of good health.

When will I be eligible for benefits?


The language in the policy determines the conditions under which you become eligible for benefits. 

Will my benefits keep pace with inflation?


Most policies offer riders to help your benefits keep pace with inflation during a disability. A cost of living adjustment (COLA) rider will adjust benefits each year while you remain disabled and eligible for benefits. COLA riders can be vital to maintaining your standard of living during an extended disability.


Small Business Protection Products 


You may already have individual disability insurance to help protect yourself and your loved ones from the unforeseen impacts of becoming disabled. But what about protecting another that’s near and dear to your heart? Your business. Without small business protection solutions in place, your company could be at grave risk if you become disabled.

An integrated approach to business protection


With Business Provider, you’ll have a comprehensive range of business protection strategies to help keep your business strong. From overhead expense protection to long-term debt coverage to disability buy-sell insurance, you’ll enjoy the confidence of knowing your business is secure — and backed by one of the nation’s top provider of disability income insurance: Seven Corners.

Coverage for overhead expenses


If you become disabled, the day-to-day expenses associated with running your business can quickly add up. Before long, these expenses may force you to consider layoffs or even shuttering your business. Unless, of course, you have overhead expense disability insurance. Should disability strike, Overhead Expense covers your normal, necessary and customary expenses associated with the operation of your business, including rent, mortgage, utilities and more, and can provide reimbursement for up to 100% of your expenses every month. It can make the difference between returning to a viable business and returning to no business at all.

Business Reducing Term (BRT) disability insurance


Debt. It's often a given when you’re running your own business. But if you become disabled, debt can become a threat to your business’s financial health. A Business Reducing Term disability insurance policy can help you continue to meet your business’s fixed term financial obligations, including:

Business start-up or practice purchase loans
• Capital improvement of expansion loans
• Employment contract guarantees
• Contract performance guarantees
• Purchase agreements
• Lease agreements


Funding buy-sell agreements with disability provisions


Keeping your business running strong has to be a priority if you or your partner becomes disabled. By creating a standing buy-sell agreement that contemplates the potential for both death and disability, you can help ensure that your business is successfully transferred in the event you or your partner is unable to continue working. When you fund this agreement with disability buy-out insurance, you'll be shifting the financial burden associated with the buy-out from your business to the insurance company, helping to keep your company's finances intact and improve its chances for continuing long-term success. 





Supplemental Disability Income Protection 


Growing a successful business is never a solitary affair. It takes a team of talented employees all rowing in the same direction to move your company forward. That’s why attracting and retaining the best possible talent is crucial for any growing business.

Our innovative supplemental disability income protection program provides individual disability income insurance tailored to the needs of your business and employees. Through this program, you can offer your employees a more valuable benefits package with greater ease and affordably than you ever thought possible. Our program complements your existing group long-term disability (LTD) coverage to protect more of your employees' income in the event they become disabled. 

The benefits of our Supplemental Disability Income Protection Product 

For your employees:

For your business:

Customizable, affordable income protection

Helps attract, retain and reward key employees

Fully portable

Any premiums you pay are tax-deductible as a business expense

Simplified underwriting - no medical exam is required

Turnkey implementation and employee communications

Tax-free benefits if premiums are paid with after-tax dollars*

Flexible, affordable funding options


Flexible funding options

You can choose to fund your program in one of three ways:
100% employee-paid your employees pay the full premium amount
100% employer-paid your business pays the full premium amount for any employees you select
• Shared cost you and your employees each pay a portion of the premium cost 



Kavita Purohit, Ph.D