Disability Insurance For Professionals And Income Protection Insurance
Why Your Paycheck Needs A Backup
Why Income Protection Matters
A health event a few years before retirement can derail plans by cutting off earnings and forcing early withdrawals. MWI Agency structures income protection insurance so a long-term disability does not push you to sell assets at the wrong time. Professionals in Detroit, Ann Arbor, Los Angeles, and Orange County rely on coverage that keeps bills paid while recovery takes time.
Choosing Coverage That Actually Pays
Individual Versus Group Disability
Group LTD often covers only a portion of salary, may exclude bonuses, and is sometimes taxable. Individual policies let high earners tailor benefits. We compare employer benefits to
own-occupation disability terms so you can continue work in another role without losing benefits if your specialty is off the table.
Features That Strengthen Your Policy
The strongest contracts include true own-occupation definitions, residual benefits for partial disability, COLA riders, and future increase options. We work with carriers known for strong disability language and long claims experience, then calibrate waiting periods and benefit lengths to match your savings and retirement date.
Tailoring Benefits To Your Profession
Physicians, attorneys, executives, and practice owners often need higher monthly benefits and specialty riders. Business owners may add disability buy-out coverage or overhead expense benefits. When income depends on a key partner, we align personal coverage with business succession planning to keep the company stable during a long absence.
Underwriting And Process
Expect health questions, financial verification, and sometimes exams. MWI Agency prepares files to present the full picture and shops multiple carriers for best terms. Clients in Birmingham, Grosse Pointe, Pasadena, and Irvine appreciate a clear timeline and regular updates until policies are in force.
Frequently Asked Questions
Straight Answers Before You Apply
How much of my income can I protect?
Individual policies typically cover about 60 to 70 percent of gross income, with layering for higher earners.
Do I need this for a desk job?
Illness can stop work as surely as injury; the risk is not limited to physical roles.
Will Social Security Disability be enough?
Qualifying is difficult and benefits are modest, so private coverage bridges the gap.
When should I consider dropping coverage?
Once you no longer rely on earned income, we can adjust or end policies.
