Tag: disability insurance coverage

Disability insurance refunds coming to New York

Logan B.
Disability Insurance

New York acquires refunds for disability insurance policies New York Governor Andrew Cuomo has announced that Zurich American, a leading insurance firm, will be providing refunds to disability insurance policyholders throughout the state. The refunds come due to Zurich running afoul of a state regulation that requires the insurer to pay no less than 60% of the premiums it collects on claims. Zurich was unable to meet this standard and will begin issuing refunds on disability insurance policies over the next month or so. Refunds signify strong regulatory action Governor…

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Disability insurance struggles arising from application increase

H. Cutner
Disability Insurance

As a growing number of Americans seek assistance, the program is facing serious challenges. It is now being estimated that the Social Security Administration’s funds to cover the costs of disability insurance will have been entirely spent in four years’ time. This will mean that the benefits will shrink for over 9 million disabled workers and their families. Income taxes will be providing enough money for only 79 percent of the disability insurance benefit, which will mean that – assuming the same number of individuals remain covered by the program…

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Disability insurance should not be overlooked for financial health

Julie Campbell
Disability Insurance

The consequences of leaving it out of future planning can be expensive. As important as disability insurance may be, it is among the most forgotten forms of coverage in a financial plan over the long term. The importance of homeowners, auto, health, and life policies are far better known. It is important to recognize, however, that disability insurance is the coverage that you will need if you should ever be forced to leave your work for a period of time due to illness or injury. This is the protection that…

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Disability insurance is among the most underestimated forms of protection

cancer insurance coverage MRI

This coverage, as well as critical illness insurance provide greater benefits than people realize. One of the most overlooked and misunderstood forms of coverage that is currently available in the industry is disability insurance. The topic of being too sick or injured to work is an uncomfortable one for many people, and is one that they would prefer to pretend will not happen than to take the time to create a preparedness plan. However, all too many people are finding themselves in a situation where they could have used this…

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The uncontrolled growth of disability insurance

Disability Insurance

An update from the Medicare and Social Security trustees has shown that the cost of disability insurance is skyrocketing. The annual report published by the Social Security and Medicare trustees has shown that yet again, among all of the partisan disagreements, a critically important issue has failed to receive its due attention: the rapidly increasing cost of disability insurance. This coverage accounts for almost one out of every five dollars that Social Security spends, and the numbers are rising to a point that is simply out of control. Many are…

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