Income protection
Planning for loss of earning ability.
Who this is for
- Primary earners and breadwinners
- Founders and sole proprietors
- Professionals with high income dependency
- Anyone who would face financial strain if unable to work
What it covers
Income protection typically refers to disability or related coverage that replaces a portion of income if you cannot work due to illness or injury. Benefits, definitions (e.g. own occupation, any occupation), and terms vary. Licensed professionals can explain options and suitability for your situation.
Common use cases
- Replacing lost income during disability
- Protecting family or business from loss of a key earner
- Coordinating with life insurance for full protection
- Business overhead or key person continuity
Structuring considerations
Personal vs business ownership, benefit amount and duration, elimination period, and coordination with life insurance and other benefits. Review cadence should reflect income and role changes. Licensed professionals we connect you with can advise on your situation.
How Stead helps
We help you request the right income protection and coordinate with properly licensed professionals. We do not sell or issue insurance. Coordination includes clarifying needs, benefit levels, ownership, and ongoing review.
Stead does not sell, place, negotiate, or bind insurance. We connect you with properly licensed professionals. Insurance products are offered by licensed third parties and subject to underwriting and state regulations.