Advisor Long-Term Disability Insurance
When it comes to long-term disability, we don’t do things like everyone else. Our plans are custom tailored to fit the needs of the independent financial advisor. We understand that you have worked diligently and intelligently to build your business, and we are here to make sure you are insuring your income.
- Insures 60% of your Gross Earnings, up to $300,000 through LPL Financial
- Provides 3 Tiers of Coverage: up to $5,000, $10,000 or $15,000 in monthly benefits
- Benefits are not offset by trailing, advisory or renewing income.
Progressive Income Benefits is another enhancement included with our Long-Term Disability coverage. This benefit provides additional income to those with disabilities when they need it the most. It can increase the monthly benefit up to an additional $5,000, if the disabled individual is unable to perform two or more activities of daily living or suffers a severe cognitive impairment.
NOTE: This is not intended as a complete description of the insurance coverage offered. Controlling provisions are provided in the policy, and this summary does not modify those provisions or the insurance in any way. This is not a binding contract. A certificate of coverage will be made available to you that describes the benefits in greater details. Should there be a difference between this summary and the contract, the contract will govern.
The benefits described in these materials are intended to be voluntary benefits and are not subject to ERISA. LPL Financial permits HSA Benefits to describe these benefits to LPL financial advisors as a convenience, but this should not be considered an endorsement, and these are not employer-sponsored benefits.