Disability Archives - Page 3 of 3 - Consumer Insurance Guide

A primer on disability insurance

By Bill Hupp
July 5, 2011June 17, 2014

Every day, millions of Americans work hard to earn a living to support themselves and their families. But what if unforeseen circumstances prevented you from earning your daily wages? Accidents and illness can occur at any time. Even if your income suddenly dries up, your bills won’t. Therein lies the value of purchasing disability insurance. This kind of supplemental insurance coverage provides various levels of income protection should you be unable to work because of…

Chronic disease could harm disaster readiness

By Consumer Insurance Guide Staff
January 12, 2011June 17, 2014

People with incurable diseases like diabetes and those who suffer from other types of disability are less likely than their healthier peers to be adequately prepared in case of a hurricane, tornado or other natural disaster, according to research set for publication in next month’s American Journal of Preventive Medicine.

Three methods to increase disability income benefits

By Wes Lind
September 30, 2010June 6, 2014

Since the primary reason for purchasing a disability income insurance policy is to replace any income that may be lost due to a disability, it’s imperative to have an adequate amount of coverage in place before a disability occurs.

Edward E. Graves, author of “McGill’s Life Insurance” says there are three methods a non-disabled person can employ to make sure their benefits are enough to support their income prior to a disability. The general rule of thumb is if you received a raise or your expenses have increased, so should your benefits.

What situations warrant individual disability insurance?

By Wes Lind
September 29, 2010September 8, 2014

Without a crystal ball, there’s no way of knowing what the future holds when it comes to a personal disability. Even so, there are known situations where owning an individual disability income policy is recommended.

Disability income insurance replaces a large portion of your income in the event you become sick or disabled and are unable to pay your bills.