Fixed expenses covered by overhead disability often include rent, core salaries, equipment leases, utilities, etc. Not all expenses are covered by overhead disability insurance, and there is no provision for a profit or income to you. Disability overhead insurance is designed to enable you to keep your practice intact so you can return to it at the end of your disability period. Personal disability insurance provides an income stream to you in the event of disability. Your finances will be protected, because the income stream prevents impingement on accumulated wealth for post-disability personal and family financial needs.
Costs vary accordingly.
Carefully evaluate the benefit level and policy features when purchasing disability insurance. Long-term care insurance. This provides benefits, either cash or reimbursements, to defray the cost of long-term care. Nothing can be more devastating to a family's financial plans or to a diligently accumulated estate than a family member's confinement to a nursing home or the need for home health care for a lengthy period. Again, these plans come in many forms and with many types of benefits, which should be considered carefully when making purchasing decisions.