Brand Shank ChFC

Chartered Financial Consultant



Call 727-251-6000





Helping You Make Informed Decisions

Disability Income


Most people think they are insulated from a life-changing disability: "It won't happen to me"

Leading causes of disability


Many people associate disability with accidental injuries. But, approximately 90% of disabilities are caused by illness rather than accidents.


Disability means double jeopardy


As a self employed professional or owner of a small business, the threat of disability presents you with financial problems on two fronts. Should you become disabled, not only must you continue to pay your personal expenses, but you must also pay the overhead business expenses associated with your business.


Even if you can't work, these bills don't stop. Creditors may be understanding, even sympathetic, but they can't forgive debt obligations.


That is where Business Overhead Expense(BOE) coverage comes in.

The facts are unsettling:


25% chance 1


The odds of a 20-yr old becoming disabled before retirement.


7 in 10 workers 2


That's how many workers could not cover their normal living expenses for more than six months.


1,825 days 3


More than 1 in 5 workers will be disabnled for 5 years or more during their working careers.


5 years of income reserves 4


That's how much savings may be needed for the 20% who become disabled long-term during their working careers.


Every 90 seconds 5


That's how often someone files for bankrupcy in the wake of serious injury.



1 Social Security Administration Fact Sheet March 18,2011.

2 Council for Disability Awareness, Worker Disability Planning and Preparedness Study 2008.

3 Commissioner's Disability Insurance Tables A and C, assuming equal weights by gender and occupation class.


4 The American Journal of Medicine, Vol 122, No 8, Aug. 2009.

5 Council for Disability Awareness, Long-Term Disability Claims Reviews, 2012.