1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    Definitely as long as they can qualify health wise and they are not working in a hazardous occupation.  Any independent agent familiar with disability insurance should be able to help you select a plan.  It is important for a self employed person to have some type of disability insurance that will help to continue to pay overhead expenses and loss income.
    Answered on June 27, 2013
  2. 160 POINTS
    Troy Holt
    Representative, Virtual Financial Group, Pensacola
    Disability insurance is the vehicle to protect an individual or business from any unforeseen and/or unexpected sickness or accident. Self employed and employees both can qualify for disability insurance. The qualifications vary depending on the occupation field, health condition & amount of benefit that is requested. Also for business owners there is another portion of disability called Business Overhead Expense (BOE) to cover the business expenses not income during a sickness and/or disability.
    Answered on September 4, 2014
  3. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Yes, self employed people can and should purchase disability insurance. The underwriting can be a bit tougher than an employee on the financial side. You should be prepared to submit two years of tax returns both personal and corporate if that applies. Also, the financials of the business as well as overhead expenses if you wish to purchase a Business Overhead Expense policy along with your personal disability policy. This will all be in addition to the personal health underwriting. If applying for more than a $2,500 per month benefit, you will also very likely need to take a paramed exam.
    Answered on September 4, 2014
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