Disability Income Insurance
Disability income insurance replaces a portion of your income should you become too sick or injured to work. For many employees, the ability to generate an income is their most important asset. For businesses, the ability to protect the company upon the disability of an owner is paramount.
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What is it?
Individual disability income insurance provides a greater amount of disability income protection to supplement employer-provided group disability benefits.
How is it used?
For businesses, disability income insurance can be used to provide a more meaningful benefit to employees. It can also be used to keep the business up and running, or to provide multiple owners with a buy-out option in the event of a disability.
What are the benefits?
Offering supplemental disability income insurance to employees is often a great way to recruit, retain and reward employees. For business organizations, a disability income insurance policy can help with the organization's financial obligations.
How can disability income insurance help meet your business needs?
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Business Overhead Expense (BOE)
Provides funds to reimburse owners for regular overhead expenses.
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Buy-Sell
Provides funds for the purchase of insured’s share of ownership.
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Executive Carve-Out
Offered to executives as an employer-sponsored benefit.
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Guaranteed Standard Issue
Offered to employees on a voluntary basis, or as a company-paid benefit.
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Individual Fully Underwritten
Supplements employer-provided disability income group benefits.
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RetireGuard
Can help protect an employee’s ability to save for retirement.
Prefer to speak to someone about disability income insurance?
Disability income insurance policies have exclusions and limitations. For costs and complete details of coverage call your agent or MassMutual at 1-800-272-2216 for a referral to an agent.
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Insurance products issued by Massachusetts Mutual Life Insurance Company (MassMutual), 1295 State Street, Springfield, MA 01111-0001 and CM Life Insurance Company and MML Bay State Life Insurance Company, 100 Bright Meadow Boulevard, Enfield, CT 06082.
Securities and investment advisory services offered through MML Investors Services, Inc., 1295 State Street, Springfield, MA 01111-0001, (800) 542-6767. Member FINRA (www.finra.org) and SiPC (www.sipc.org).
CRN201008-106406
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