Disability insurance need rapidly growing in the workplace, study

Taxi Driver Disability Insurance

The results of recent research are underscoring the importance of employer sponsored coverage. A new study’s results were issued this week and have highlighted the importance of disability insurance that is sponsored by employers when it comes to the health and financial wellbeing of American workers. It showed that only one in three private sector employers is currently offering long term disability coverage. Despite the fact that this is the case, the Social Security Administration’s own data suggests that one in every four workers in the United States will need…

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Top Tips on Getting the Perfect Income Protection Policy for You

What happens if you’re injured at work? You might not be able to pay your bills. While you could live off of your savings, that savings will only take you so far, and what if you don’t have any savings? This is where an income protection policy comes into play. Income protection policies, sometimes referred to as “disability policies,” pays you money when you are unable to work due to an illness or injury. Here’s how to compare policies so you get the most for your money: Analyse The Cost…

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The importance of understanding and obtaining disability insurance

Disability insurance is one of the most important decisions that you can make to help to protect your financial future and financial advisors, not just insurance agents, are recommending these products to their clients for just that reason. That said, the decision to obtain the insurance and the choice of insurer to provide it is up to you. There are many different issues to consider, from monthly premiums to the type of coverage that is provided. That said, you shouldn’t let a little bit of homework stop you from purchasing…

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The search for disability insurance

Group disability insurance is a form of protection for a group of people who are connected in some way – such as through an organization such as a trade association or employer – and covers the individuals from the losses to which they are exposed in the case of illness or an injury from an accident. Group disability insurance is typically less expensive than a policy purchased by an individual, though it should be noted that the benefits are limited to a maximum monthly income and a certain length of…

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Disability insurance becomes more complex and expensive

Employee disability benefits, as is the case with virtually every other kind of workplace benefit, has become an expense that workers are beginning to need to pay for and manage – at least to some degree – themselves. Now that the 2012 open enrollment season has begun, an increasing number of employers are requesting that workers take on some of the financial burden for some of the more high-end forms of disability protection. Mercer benefits consultant partner, Rich Fuerstenberg, said that he has been witnessing a gradual trend toward workers…

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Pregnancy disability insurance in California has been extended

New legislation in California will mean that employers will be required to extend their pregnancy, childbirth, or related medical condition, disability insurance coverage for workers for up to up to 16 weeks. Senate Bill 299 was signed into law by Governor Jerry Brown and will become effective on January 1, 2012. It will require employers to provide continuous health insurance coverage for up to 16 weeks for workers that are disabled due to pregnancy on the same grounds as they would before a they had taken any leave of disability.…

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The risk of neglecting to purchase disability insurance

Experts are advising individuals to consider disability insurance as they regularly see people without any or without enough coverage, but who could have benefitted from it to protect their financial lives. Though many large companies will offer short-term and long-term disability insurance, this is frequently not the case among small businesses or those who are self employed. Agents are advising many customers to consider the type of loss they would experience should they suffer an injury or catastrophic illness occur that would make it impossible to continue earning an income.…

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