Protect Your Income with Disability Insurance

Secure your most valuable asset—your ability to earn

Your paycheck powers your entire financial plan. If an illness or injury prevents you from working, disability insurance ensures you still receive a portion of your income. At Synergy Wealth Management, our Houston-based advisors help you evaluate coverage options and design an income protection plan that keeps your goals on track.

Why Disability Insurance?

Income Protection You Can Rely On

Disability is more common than many realize—studies show that 1 in 4 workers will experience a disability lasting 3 months or longer before retirement. Without income, even a short disruption can strain savings, while a long-term disability can derail your financial future. Disability insurance replaces a portion of your earnings so your family, mortgage, and lifestyle remain protected.

Types of Disability Coverage

Short-Term vs. Long-Term Disability

Different policies serve different timeframes, and it’s important to know the difference.

• Short-Term Disability (STD) – Covers 3–6 months, often through employer benefits, designed to bridge temporary gaps.
  
• Long-Term Disability (LTD) – Provides income replacement for years, sometimes up to retirement age, and is often the most critical for financial planning.
  
• Specialized Riders – Options like “own-occupation” coverage for professionals ensure benefits if you can’t perform your specific job.

Assessing Your Needs

Identifying Gaps in Your Current Coverage

Many employees have some coverage through work, but it may replace only about 60% of base salary and may be taxable if premiums are employer-paid. Self-employed individuals or business owners often have no coverage at all. Our advisors review your current policies, analyze expenses, and recommend solutions to ensure you won’t face a financial shortfall if you can’t work.

Policy Features to Consider

Customizing a Policy That Fits You

Not all disability insurance is created equal. Important features include benefit amount (typically 50–70% of income), waiting period before benefits begin, and how long coverage lasts. Definitions matter, too—an “own-occupation” policy pays if you can’t work your specific profession, while “any-occupation” requires total inability to work. We help you navigate these features so your coverage matches your needs.

Business Owners and Disability

Protecting Your Business Alongside Your Income

For business owners, a disability affects more than personal income—it can disrupt the entire company. Policies like Business Overhead Expense coverage help keep operations running, while disability buy-out insurance can fund ownership transitions. Synergy specializes in helping entrepreneurs integrate personal and business protection into a cohesive plan.

Affordable Peace of Mind

Coverage That Protects Your Lifestyle

Disability insurance is often more affordable than people expect, especially when purchased early. Paying premiums with after-tax dollars also means benefits are typically tax-free if you ever need them. With the right policy in place, you gain the reassurance that a health setback won’t derail your financial future.