No advisor wants to think about one of their clients getting hurt or ill to the point where they’re physically not able to continue working. But every advisor should plan for it.
There are many different types of disability insurance policies, and these programs can be layered on top of one another to make sure clients get as much benefit as possible, said John Ryan, insurance broker and owner of Ryan Insurance Strategy Consultants, to a group of advisors at NAPFA’s fall conference today in Charlotte, N.C.
Ryan took attendees through a hypothetical situation: a woman had just graduated from college and gotten a job as a financial planner with a firm. Here are nine disability strategies that advisors may want to use throughout the life cycle of the woman.