Client Profile
Senior Executive & Business Owner
Occupation: Co-founder of a boutique consulting firm
Annual Income: $475,000+
🚨 The Challenge
The client was the primary revenue generator for their growing firm and had recently expanded into a new market. While their income was strong, their financial stability was tightly tied to their ability to work and lead.
Then the unexpected happened: a neurological health condition emerged, leaving them unable to fulfill their day-to-day responsibilities. Suddenly, business operations slowed, and personal income came to a halt.
Without preparation, this situation could have resulted in:
Staff layoffs
Business closure
Defaulting on personal obligations like mortgage and tuition payments
✅ The Solution
Fortunately, a year prior, this the client had strategically structured a disability insurance plan tailored to their unique risks:
Own-Occupation coverage, which qualified for benefits even if they could do some tasks, but not their specific job.
High-Income Coverage: Supplemented group insurance with an individual policy to protect over 60% of their total earnings.
Business Overhead Expense (BOE) Insurance: Covered essential monthly business expenses like payroll, rent, and utilities during their disability.
💡 The Outcome
Within 90 days of filing a claim: They began receiving monthly tax-free benefits that covered both personal and business obligations.
Their staff remained fully employed and operations continued with minimal disruption
The business stayed afloat and their personal financial plan remained intact.
After a year of recovery, this client returned to a stabilized business, avoiding long-term damage to both wealth and legacy.
🎯 Key Takeaway
Disability insurance isn’t just for accidents' it’s a strategic financial tool that protects your income, your business, and your lifestyle.
If you're a high-income earner, executive, or business owner, ask yourself:
What happens if you can’t work for 3 months... or 3 years?
You need a plan that protects what you’ve worked so hard for !!!
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