On behalf of DarrasLaw posted in Long-Term Care Insurance on Friday, June 23, 2017. We’ve explored why insurers are reluctant to pay claims and the questionable tactics they use to justify denials. Our intent was to embolden policyholders, but it’s possible that you now have some uncertainty about your coverage. It’s important to remember that not […]

Care costs for the elderly are steadily increasing. Long-term care expenses not only includes medical outlays, but also the cost of living. While Medicare can be relied upon for some healthcare payments, there is no such guarantee in getting imbursements to cover living expenses. Incorporating long-term care insurance into retirement planning is a wise decision. Coverage can […]

Planning for retirement requires more than sound investment strategies. Retirement accounts must be augmented by Medicare, life insurance, and long-term care insurance. The latter item can sometimes present difficulties due to the rising cost of nursing homes, assisted living facilities, and in-home care. Expenses incurred by long term care requirements have made many insurers reluctant […]

Last week we began discussing how anyone needing surgery shouldn’t overlook their short-term disability policy. It can provide much-need support should a procedure sideline someone for weeks or months. We also discussed that this financial lifeline isn’t a guarantee. Short-term disability policies won’t cover surgical recovery unless certain requirements are met. Elimination period Private short-term […]

Getting disability insurance is important in any profession. If you are unable to do your job due to a disabling illness or injury, or in some cases any type of work at all, the language in your insurance policy can mean everything. You need a way to carry on and maintain the lifestyle you have […]

Securing the proper insurance coverage may be the last thing on a recent graduate’s mind, but it shouldn’t be. As many grads face the prospect of student loans and a tough job market, purchasing anything beyond health insurance may not be a personal or financial priority. However, failing to purchase certain types of insurance – […]

Baby boomers will continue their mass-exit from the workforce over the next decade. Many people entering their golden years will leave employers facing record job vacancies and the need for long-term care services will explode. A recent survey found that many Americans harbor concerns and misconceptions about long-term care costs. The survey, conducted by the Associated […]

Millennials tend to be painted with a broad brush of stereotypes. Specifically, the narrative advanced in the press is that anyone 18-34 years old is inherently self-interested or financially troubled. Most of the millennial demographic are found to be more attuned to social media and unfortunately they are alsomore saddled with debt than their parents. […]

Long-term disability (LTD) insurance is designed to provide policyholders with a portion of their monthly income for a predetermined amount of time if they become disabled and cannot work due to a covered illness or injury. An insurer’s definition of disabled, however, may not comport with common-use, dictionary definitions. Also, some disability insurance policies may […]