Category: Disability Insurance

In 2015, more than 10 million Americans between the ages 18 to 64 received a combined $11.4 billion in monthly disability benefits. While the average check amounts are similar, state-to-state numbers of participants vary significantly, ranging from 8 percent in West Virginia to 2.8 percent in Hawaii. Nearly 8.9 million out of the 10.2 million […]

We all need insurance. It’s a basic necessity to protect us from accidents and unforeseen tragedy. Unfortunately, many insurance companies are experts at denying claims. In the event that you submit a claim, your insurance company may try to misconstrue your injuries, medical records, and even the events leading up to the moment you filed […]

There are certain items on our to-do list that just never seem to get done. While some tasks involve physical labor or a significant time allotment, others duties don’t fall into the arduous categories. For example, “estate planning” or “disability insurance purchase” may have been on your to-do list for a long time. Many people are reluctant to […]

Chances are good most people have yet to devote a single thought to Tax Day 2020 since is still many months away. While tax considerations are not a priority right now, one’s situation can change fairly quickly. Consider what happens if you suddenly suffer a debilitating injury or illness. If the condition prevents you from […]

Anyone eligible to receive long-term disability insurance under an employer-sponsored plan or private insurance should know about “offsets,” the reductions in your benefits that can happen if you get other sources of income. Offsets are provisions in the policy that give your insurer broad permission to deduct other benefits that you are eligible to receive […]

Many hardworking professionals purchase disability insurance to safeguard against an illness or injury that renders them unable to work for an extended period of time and the financial uncertainty that follows. However, many policyholders do not revisit their coverage after they become insured, even as their income grows and circumstances change. Since disability insurance covers […]

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 […]

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 – […]

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. […]

Memorial Day is approaching and many workers are looking forward to a well-deserved holiday break. The long weekend is a good opportunity for rest and reflection as Disability Insurance Awareness Month draws to a close. As such, it’s important to consider a survey by the Harris Poll and OneAmerica in conjunction with these efforts. Here, […]