Services for Medical Professionals

Disability Insurance

You most valuable asset is not your home, your car or any other material possession; it’s your ability to earn money. Think about it – buying a home, saving for college, planning for retirement are all based on the expectation you will continue to earn an income until you retire. But what would happen if an unexpected illness or injury left you unable to work? Could you continue to take care of your family and pay your bills?

That’s where disability insurance comes in. It provides an income to you and your family if you are unable to work because of illness or injury, enabling you to maintain your lifestyle and protect your family’s future. It can help you pay your monthly bills while you are recovering, but still unable to do your job.

You protect your home, your life, your cars, and even your identity with insurance, so why gamble with your most valuable asset? The Social Security Administration estimates that one in four 20 year-olds in the workforce today will suffer a disability before they retire and the average long-term disability absence lasts over two and a half years. Furthermore, a Harvard study* found that over half of all personal bankruptcies and mortgage foreclosures in the United States are due to disability.

If you become disabled will you be ready? Could you maintain your standard of living? Could you pay your mortgage? Or will you and your loved ones face serious financial hardship, possibly foreclosure and even bankruptcy? A disabling injury or illness could lead to medical bills, modifications to your lifestyle, or other unforeseen needs that can be expensive. If you depend on your earned income for financial security, you likely need disability insurance.

Who benefits from disability insurance?

In the U.S., a disabling injury occurs every second, a fatal injury occurs every four minutes.1 However, disability insurance claims show that fewer than one in 10 disability claims result from injuries. The first question becomes could I afford the consequences of not having long-term disability insurance?

Social Security Disability Insurance (SSDI) statistics show that the most common long-term disability claims in 2013 were diseases of the musculoskeletal system and connective tissue (28.7% of all existing claims). Examples of these include back problems, joint pain and muscle pain. Following musculoskeletal were diseases of the nervous system and sense organs (15.2%), diseases of the circulatory system (12.4%) and cancer (9.1%). These were the same top four causes in the three prior years.2

If you’re earning a paycheck, chances are, you need to protect your income. Without the right protection a lot is at risk if you become too sick or hurt to work. At Christopher Financial Group, our focus is on helping clients protect their future income.

Group Benefits

The main source of disability income protection in the U.S. is coverage provided by employers. If your employer offers a group insurance program, it may replace a portion of your income should you become too sick or hurt to work. There are two forms: short-term disability (STD), which generally replaces a significant percentage of your income for about three months and long-term disability (LTD), which typically pays 40% to 60% of your base salary (pre-tax) for longer periods. Often, employees are given the option to add to the baseline coverage that their employer provides. A benefit of purchasing disability coverage through your employer is that it’s generally easier to qualify for than coverage purchased on your own.

How much is enough?

If you become disabled will you be able to maintain your current standard of living? When you’re disabled, you may not only lose your ability to earn a living, you could also drain your family’s savings and jeopardize your financial security.

Here’s how to find out how much disability income will you need:

Calculate your benefits. Add up all the income you may be entitled to under your existing disability coverage.

Calculate your savings. Add up the monthly income you could include from other sources, such as your personal savings or social security.

Consider additional expenses. You may face increased health care costs or need extra money to pay for help with shopping, housework, yard work, cooking, or transportation.

If the total income approaches the income you need after taxes, should total disability strike, you can assume that you would be able to pay your day-to-day bills during your recovery. However, if the total from employer benefits, Social Security, and other programs, along with your own resources is not close to your pre-disability, after-tax income, it may not be enough to support your family. If it is not enough, you will want to consider buying more disability income insurance —either through work or on your own—to make up the difference.

Specializing in Disability Insurance for Professionals

Christopher Financial Group helps a wide range of professionals including physicians, attorneys, consultants, business owners and executives with disability insurance policies. We understand your unique situation, needs and complexities. Our knowledge and experience will help you get the best disability insurance policy to give you the peace of mind that comes from having protection so you know you can handle whatever comes your way. Thousands of professionals rely on Christopher Financial Group for the coverage they need to protect their income.

1National Safety Council, Injury Facts®
22014 CDA Long Term Disability Claims Review

Employee Benefits

Exodus Business Strategies is an extension of Christopher Financial Group and is specifically licensed to provide Group Employee Benefit coverage to businesses throughout the Chicago and Indiana region dating back to the early 1970’s.

Approach - The firm's philosophy has been to listen and to understand the client’s needs, thus, developing a solution that encourages choice and flexibility. The success of this philosophy has allowed Exodus to establish many outstanding long-term relationships.

Goal - To continue to drive exceptional client satisfaction by deploying innovative solutions that help physicians to support their employee’s needs on a regular basis while continuing to maintain their own responsibilities within the practice.

Philosophies & Competencies

Communication - Providing benefit guides to assist in delivering consistent and quality employee benefit material to be used in the office or at the home. The expectation is to reinforce the employee's knowledge of the benefits.

Compliance - Providing the knowledge and certainty to our clients when the need to guide them through the various nuances of Healthcare Reform.

Experience - Delivering 42 plus years of Carrier, Broker, and Human Resources Knowledge and Benefit Management.

Financial Analysis - Simply put, we cannot and do not attempt to spend our clients premium dollars...we simply guide our clients in the most practical manner to reduce premiums by recommending and matching the employee demographics to the most appropriate plans designs within HMO, PPO, and HRA/HSA Plans.

Risk Management - Thinking outside the box by providing the products and services to minimize the unforeseen risks that are clients encounter on a daily basis. After our assessment our recommendation typically includes the implementation of COBRA Services, Disability Plans as an employee benefit while building continuity across the organization and avoiding risk for the employer, and securing the additional family protection necessary for your employees in case the “bread winner” is no longer available to provide an income.

Service Integrity - Our last Philosophy is “Service is Sales and Sales is Service." We will always continue to service your company and look out for the best interests of those who provide the service to your clients and customers on a regular basis.

Estate & Legacy Planning

A well-engineered estate conservation plan can minimize tax liability and ensure that loved ones are protected. John works with clients and their professional advisors to analyze their current financial status and assess the potential impact of state and federal taxes on a client’s estate. Using this baseline, John develops and suggests strategies that will meet planning goals.

Wealth & Asset Protection Services

We identify a variety of financial strategies and retirement income plans that can help clients accumulate assets for the future, such as business-related non-qualified deferred compensation plans, qualified retirement plans, and other instruments. John may also offer techniques to help shield your practice and personal assets from liabilities or life events. In addition to death benefit protection, this can help safeguard asset transfer to children and grandchildren.

Charitable Giving

Charitable giving allows you to support the organizations and causes that matter to you, while providing immediate income streams and reducing your tax burden. Numerous charitable giving strategies exist, and we can help you design and execute a charitable giving plan that is in alignment with your personal and philanthropic goals.

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