disability insurance

What are the Differences Between Short and Long Term Disability Insurance?

By Debbie Klimas
What are the Differences Between Short and Long Term Disability Insurance?

If you’re looking for insurance to protect your income, the first decision you have to make is what type of insurance  you need Disability insurance is a type of policy that provides an income in the event you become sick or injured and cannot work. The decision on whether you buy short-term disability insurance or long-term disability insurance will depend on what you’re trying to protect. Short Term Disability Insurance (STD) Short-term disability insurance is…

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Why “Own Occupation” Disability Insurance is Important

By Bob Bland
Why “Own Occupation” Disability Insurance is Important

What is Own Occupation Disability Insurance? You may have heard that if you’re looking for disability insurance, you should be looking  for “own occupation” coverage. In the past 20 years of working with clients to protect their income, I’ve heard it called “owner-occupation”, “owner-occupied”, “own-occ,” and a variety of other derivatives of the correct terminology “own occupation,” but the basic concept is that it’s a type of disability insurance  that pays if you can’t do…

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Gender Inequality & Insurance

By Hollie Smith
Gender Inequality & Insurance

Gender does matter— especially when it comes to insurance. Whose rates are higher? And is it justified?

The process of determining premiums based on gender is known as gender rating, and it has its critics. Here are several examples of how gender impacts your insurance rates.

Women’s life insurance rates are lower because they statistically live longer than men.

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Disability Insurance Basics

By Debbie Klimas
Disability Insurance Basics

If you rely on your income, you need to protect it with a good disability insurance policy. Many people take this for granted, but consider the economic impact you have to your family: Annual salary:  $50,000 Age: 35 Retire at age: 65 Earned income over 30 working years: $1,500,000 Do you have anything else in your possession that’s worth over $1,5000,000? If you did, wouldn’t you insure it against loss?  That’s what disability insurance does…

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Anxiety Disorders and Disability Insurance

By Karla Sullivan
Anxiety Disorders and Disability Insurance

Approximately 40 million American adults ages 18 and older—or 18.1 percent of the adult population—suffer from an anxiety disorder, according to new figures from the NIMH.

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Assessing your need for disability insurance

By Peter Greenbaum
Assessing your need for disability insurance

In order to insure something, you first must realize that it has a lot of value and needs to be insured. Perhaps that explains why so many Americans lack disability insurance. A recent survey found that Americans greatly underestimate their earnings potential.

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A primer on disability insurance

By Bill Hupp
A primer on disability insurance

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…

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What situations warrant individual disability insurance?

By Wes Lind
What situations warrant individual disability insurance?

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.

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