Disability Insurance for Self Employed Flower Mound TX

Call (469) 905-4422 for a free Disability Insurance quote! Let Sentry Income Protection safeguard your future.



Looking to protect your income as a self-employed professional? Disability insurance can be a lifeline, but understanding your options is key. We’ll break it down clearly. As a trusted independent disability insurance agency, Sentry Income Protection is here to help. Call us at 469-905-4422 we’re happy to chat!

Your Most Valuable Financial Asset

If you run your own business or work for yourself in Flower Mound, your ability to earn an income is your most valuable asset. Unlike employees who may have group disability benefits through their job, self employed professionals are fully responsible for protecting their income. Private disability insurance provides the income protection you need if an illness or injury keeps you from working. It replaces part of your income so that you can focus on recovery and avoid financial stress.

Why Income Protection Matters in Flower Mound

Flower Mound is home to thousands of self employed professionals and small business owners who make their living through skill, experience, and reputation. Whether you are a financial advisor near Lakeside, a contractor serving Highland Village, or a medical professional with a private office near Parker Square, your income depends on your ability to work. If a disability interrupts that ability, your business and personal finances could be at risk.



Without a safety net like employer benefits or paid leave, a disability can quickly drain savings and threaten the stability of a growing business. Private disability insurance fills that gap. It ensures you continue to receive a steady income while you recover, helping you keep up with everyday expenses and maintain your lifestyle.

Understanding Private Disability Insurance

Private disability insurance is designed to replace a percentage of your income if you become unable to work because of an illness or injury. Most policies replace between 60 and 70 percent of pre disability earnings. The benefit can continue for a set number of years or all the way to retirement age, depending on the options you choose.

As a self employed professional, you’ll need to provide proof of income during the application process, usually with tax returns or business records. This helps the insurer set the right coverage level for your actual earnings.



You’ll also choose an elimination period, which is the amount of time you must be disabled before benefits begin. Common elimination periods range from 30 to 180 days. A longer waiting period lowers your premium but delays when payments start.

The Value of Own Occupation Coverage

One of the most important choices you’ll make when buying private disability insurance is the definition of disability. The two main options are own occupation and any occupation coverage.

An own occupation policy pays benefits if you cannot perform the duties of your current occupation, even if you could work in a different role. For example, a surgeon in Flower Mound who suffers a hand injury that prevents surgery would still receive benefits even if they could later teach or consult.

An any occupation policy is more restrictive. It only pays if you’re unable to work in any reasonable occupation suited to your background. While this type of policy is usually cheaper, it offers less protection for skilled professionals. Most self employed people in Flower Mound prefer own occupation coverage because it protects their specific abilities and the income tied to those skills.

Options Designed for Business Owners

Beyond protecting your personal income, there are additional types of disability insurance designed to safeguard your business.

Business Overhead Expense (BOE) Insurance covers the ongoing costs of operating your business if you become disabled. It pays for rent, utilities, staff wages, and other fixed expenses so your business can stay open until you return.

Key Person Disability Insurance provides financial protection if a critical employee or partner becomes disabled. The benefit helps your company handle the loss and gives you time to adjust operations or hire a replacement.

Disability Buy Sell Agreements fund a buyout if a partner becomes permanently disabled. This ensures a smooth transition of ownership and provides fair compensation to the disabled partner.



Many self employed professionals in Flower Mound have income coming from more than one business or partnership. A knowledgeable advisor can help structure coverage to reflect multiple entities and income sources accurately.

Customizing Your Disability Policy

Private disability insurance can be tailored to your needs, budget, and long term plans. You can choose how long benefits last, how soon they begin, and add optional features that increase protection.

A residual or partial disability rider pays benefits if you can still work part time but lose part of your income. A future increase option allows you to raise your coverage as your income grows without new medical exams.

Many business owners also add a cost of living adjustment (COLA) so that benefits increase with inflation over time. Choosing a non cancelable and guaranteed renewable policy ensures your rates and coverage cannot be changed as long as you pay premiums.



Working with an experienced disability insurance broker in the Flower Mound or DFW area can help you build a policy that matches your professional and financial goals.

Cost and Tax Considerations

The cost of private disability insurance varies based on your age, health, occupation, and benefit selections. For most self employed professionals, the cost is roughly one to three percent of annual income. It’s an affordable way to protect years of earning power and business investment.



For individuals, premiums are generally not tax deductible, but the benefits you receive are tax free. Business Overhead Expense insurance, however, may be deductible as a business expense. Because tax rules can vary, it’s smart to confirm your situation with a local CPA or financial planner familiar with Denton County regulations.

Comparing Private and Association Plans

Some professional associations offer group disability coverage, which can be a starting point. However, group plans often have limited definitions (we discussed "own occupation" vs "any occupation," lower benefit caps, and no guarantees that rates or coverage will remain the same.

A private individual policy gives you full control, stronger contract terms, and stable premiums. It also stays with you (Portable) even if your business changes or you move offices around Flower Mound, Lewisville, or Southlake. When you have a private disability policy, you own it. Group plans are rarely portable. You can't take them with you. It's important.

Self employed professionals sometimes underestimate their income or buy minimal coverage to save on premiums. Others choose an any occupation policy that doesn’t fit their profession. Some never review or update their coverage as income increases.



To avoid these issues, work with an independent advisor who specializes in disability insurance. They can compare multiple companies, explain contract details clearly, and make sure your policy aligns with your income, career stage, and business goals.

Finding the Right Policy in Flower Mound

Disability insurance isn’t just about income protection. It’s about preserving the business you’ve built and the lifestyle you’ve worked hard for. Whether you operate from a home office in Wellington, manage a small business near Parker Square, or serve clients across the DFW metroplex, the right policy ensures your income continues no matter what happens.

Local professionals often find it helpful to meet with an advisor familiar with the Flower Mound business community. Connecting with someone local can be a great way to find an experienced disability insurance specialist who understands the needs of local entrepreneurs.

Protecting Your Future

No one expects to become disabled, yet illnesses and injuries happen every day. The financial impact can be severe for anyone who depends on their own ability to work. Private disability insurance offers security and peace of mind, allowing you to focus on recovery instead of worrying about bills or lost income.

If you’re self employed in Flower Mound and haven’t reviewed your disability insurance options, now is the time to do it. Evaluate your income, your monthly expenses, and the financial obligations tied to your business. A customized disability insurance plan can protect everything you’ve built and give you the confidence that your financial future is secure no matter what challenges come your way.



Call 469-905-4422 for a Free Disability Insurance Quote! We represent all the top carriers and can provide an unbiased evaluation that meets your individual needs.