Disability Insurance...

Many feel they can rely on workers’ compensation benefits if the need arises, but do you know those benefits are only for those injured from a work-related accident or illness?  We all know that most illnesses are not work related and just a few states offer temporary disability programs, and those have limited benefits. We give higher priority to other insurance needs and forget the need to protect against...

Disabling Illness or Injury...

Once disabled, many people are never able to work again. When in reality, many people believe that any disability will be temporary. Because of a disabling illness or injury, at least 1.5 million Americans are no longer able to work. The Society of Actuaries 1987 Group Long Term Disability Basic Table show that once a person has experienced a disability that lasts at least 90 days, that person may remain disabled for a...

Limitations of Disability Insurance...

Because of a disability, public disability benefit programs may provide some protection against loss of income. How much these programs can help depends on whether or not you would be eligible for them. The Federal Social Security Disability Insurance (SSDI) program, state workers’ compensation programs, and mandated short term disability insurance coverage are known as safety net programs. Each one has restrictions,...

Do I need life Insurance?...

There are several reasons why you may need life insurance and the first one is, if you can afford it. Should you die and be no longer able to provide for them, the most important reason is to have enough money to provide for dependents such as young children or non-working spouses. Funeral expenses, or other expenses to pay off bills and debts is where the funds from a Life insurance policy could come in handy, as well as...