Are You Underestimating Your Need for Disability Insurance?
Posted: June 22, 2022
Are You Underestimating Your Need for Disability Insurance?If you don’t place a high priority on disability insurance, you are not alone. Although most people underestimate their chances of disability, the risk is higher than you might think. Approximately one-third of the population will experience a disability before 65, as reported on Kiplinger. Underestimating the odds of needing disability insurance could be a big mistake. According to TMA Insurance Trust: Approximately one in...
Common Reasons Disability Claims Are Denied
Posted: April 10, 2022
Common Reasons Disability Claims Are DeniedYou have disability insurance to protect your loved ones should you become disabled and can no longer earn a living. It is important that you understand the most common reasons disability claims are denied before purchasing a policy. You Filed for Benefits Too Late. Long-term disability insurance policies require that you file a claim within a specific time frame. Should you fail to file within...
5 Pitfalls to Avoid When Choosing Disability Insurance
Posted: March 25, 2022
5 Pitfalls to Avoid When Choosing Disability InsuranceDisability insurance serves a critical role in your health and welfare should you become very ill, incapacitated, and need special care in the future. However, when choosing a disability insurance policy, you must be careful to avoid four pitfalls: 1. Benefits could cancel each other. Group insurance policies, such as those provided by an employer, may subtract your benefits from a group disability policy, including...
What Is The Long-Term Disability Waiting Period?
Posted: October 10, 2020
What Is The Long-Term Disability Waiting Period?Long-term disability insurance is designed to help cover your living expenses should you become disabled. However, the insurance company does not start paying out benefits immediately if you become seriously ill or injured. You must meet a specific definition of disability for a certain period of time (typically 90 to 180 days) before your benefits start. This period of time is known as the waiting...
Your Guide to Insurance Needs Following a Divorce or Separation
Posted: January 17, 2014
Whether you are married or living with a partner, the process of ending a relationship can be extremely complicated. Many aspects of your life will be affected, including your insurance needs, according to the Insurance Information Institute (I.I.I.). “When discussing the financial aspects of a divorce or a break-up, insurance considerations should be a key component in ongoing and final decisions,” said Jeanne M. Salvatore, senior vice...
