Long-term disability insurance. For most, this term only comes up when applying for company health benefits when you are a newly-hired employee. You know you need health insurance, and they will typically give you life insurance, but what happens if you become disabled? Long-term disability insurance is, at its foundation, income replacement insurance. It can […]
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The main reasons why some people prefer working as a salaried employee instead of as a self-employed worker are the benefits salaried employees receive for sick days and disability leaves, usually being paid as normal days. While for most self-employed workers, a day you didn’t work is a day you’re not going to get paid. Long-Term […]
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The most important feature of a disability income insurance policy is how the insurer defines “disability.” The most important thing about this critical definition is that it should cover as many scenarios as possible, rather than as few as possible. On the landscape of disability insurance, there are two primary categories of definition: own occupation and any […]
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While many people know it’s important to re-evaluate their life insurance coverage or car insurance coverage from time to time, disability insurance coverage is often overlooked. Should you fall ill or become injured or disabled and unable to work, you’re going to want to make sure you get the most benefit from your coverage. That […]
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Pop Quiz announcement! What is the number one reason people in the U.S. file for bankruptcy? Divorce Money Mismanagement Job Loss Unmanageable Medical Expenses If you answered A, B, or C, you’d be wrong. The number one reason for bankruptcy in the U.S. is unmanageable medical expenses. According to a study done at Harvard, 62% […]
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