Protection Should Match Your Responsibilities
Life insurance and income protection are not just about having a policy. They are about making sure the people, obligations, and plans connected to your income are not left exposed.
Asset Defense Insurance helps you think through what could happen if your income stopped, if your family lost your financial support, if a business partner passed away, or if illness or injury kept you from working.
Coverage Options to Consider
We provide specialized life and income protection tailored for business owners and independent professionals.
Term Life
Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years. It is often used to help protect income, mortgage obligations, children, debts, and family responsibilities during high-need years.
Permanent Life
Permanent life insurance may provide lifetime coverage as long as required premiums are paid and policy requirements are met. It may be used for long-term family protection, final expenses, legacy planning, or other needs depending on the policy type. Some policies may also build cash value over time.
Disability Income
Disability income protection may help replace part of your income if a covered illness or injury prevents you from working. For business owners and independent contractors, this coverage can be especially important because income often depends directly on your ability to work
Key Person Life
Key person life insurance may provide funds to help a business continue operating after the loss of an owner, partner, or essential employee. Funds may be used for business continuity, hiring, debt obligations, or transition needs.
Buy-Sell Funding
For businesses with partners, life insurance may be used to help fund a buy-sell agreement if an owner passes away. This can help protect the business, surviving owners, and the deceased owner’s family. Buy-sell planning should be coordinated with qualified legal and tax professionals.
Frequently Asked Questions
What is the difference between life and income protection?
Life insurance may provide a death benefit to your beneficiaries if you pass away while the policy is in force. Income protection, such as disability income insurance, may help replace part of your income if a covered illness or injury prevents you from working.
Why do business owners and independent professionals need separate protection?
Your income may depend directly on your ability to work, serve clients, and keep the business operating. Separate protection can help address risks that employer benefits, personal policies, or basic coverage may not fully cover.
I’m self-employed. Can I still qualify for these policies?
Yes, many self-employed professionals and independent contractors can apply for life insurance, disability income protection, and related coverage. Eligibility, pricing, and available options depend on factors such as income, occupation, health, underwriting, and carrier guidelines.
How are coverage amounts determined?
Coverage amounts are based on your income, debts, household needs, business obligations, current coverage, budget, and long-term goals. Asset Defense Insurance helps you review the gap between what you already have and what your family or business may need.
What does a protection review involve?
A protection review is a practical conversation about your current coverage, income, responsibilities, and concerns. ADI helps you compare available options, understand tradeoffs, and decide what coverage makes sense for your situation.
Does submitting a request guarantee coverage?
No. Coverage is subject to application, underwriting, eligibility, policy terms, carrier approval, and premium payment. ADI can help you review options, but final approval and pricing are determined by the insurance carrier.
How Life and Income Protection Works
01
Start with a Coverage Review
We begin with a conversation about your income, family responsibilities, business obligations, current coverage, and concerns. This helps identify what needs protection and where gaps may exist.
02
Review the Financial Gap
We look at what could be left unfunded if you passed away, became disabled, or could not continue working. The goal is to understand the risk before comparing options.
03
Compare Practical Options
Asset Defense Insurance helps you compare available coverage types, amounts, terms, costs, and underwriting considerations. If business protection is needed, we can also review key person or buy-sell funding options.
04
Put Your Protection Plan in Motion
Once you choose an option, ADI helps you move through the application process. After coverage is issued, we can remain a point of contact for policy questions, updates, and future reviews.
Do Not Guess Your Way Through Protection Planning
ADI can help you review your responsibilities, compare available options, and choose coverage that makes sense for your life, income, family, and business. Tell us a little about your protection needs and preferred way to connect.
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Life insurance and disability insurance products are subject to underwriting, eligibility, policy terms, exclusions, limitations, and carrier approval. Cash value, if available, depends on the policy type and may be affected by fees, surrender charges, loans, withdrawals, tax consequences, and policy requirements. Asset Defense Insurance does not provide legal or tax advice. Consult a qualified professional for guidance specific to your situation.