Live Insurance News

Disability insurance claims have fallen in Oregon

August 24, 2012April 30, 2013

Fatalities while on the job have also dropped in numbers. The Oregon Workers’ Compensation Division will likely be announcing the disability insurance rates for businesses for 2013, before the end of this month, and it will be basing the calculation on a number of factors from the previous year. Administrator John Shilts has stated that there are three categories that make up the calculation. These three disability insurance premiums calculation factors are as follows: • Pure premiums, which are the amount based on the types of jobs in the businesses…

NDIS information released by NSW government

August 3, 2012August 2, 2012 Nordstrom

Commonwealth unveils new information concerning NDIS program The provincial government of New South Wales in Australia has released new information concerning the country’s National Disability Insurance Scheme (NDIS) on Wednesday of this week. The NDIS is currently in its trial phase, which will provide government officials with the information they need to determine the viability of such an ambitious insurance program. Currently, New South Wales is the only Australian jurisdiction that has 10,000 participants in its trials of the NDIS program. NSW receives funds for its NDIS trial According to…

Disability insurance should not be overlooked for financial health

August 1, 2012July 31, 2012 Julie Campbell

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…

SSA data shows more people on disability insurance than the population of New York City

July 11, 2012April 30, 2013

There are a higher number claiming from federal programs than the 8.25 million in NYC. According to the Social Security Administration (SSA), the number of people who are currently claiming federal disability insurance payments has now reached record numbers, exceeding the entire population of New York City. In fact, the SSA data says that there are 500,000 more people claiming than in NYC. The latest population data shows that there are 8.25 million people living in the large urban center, but the June 2012 statistics regarding federal disability insurance payments…

Is the Social Security Disability program in Florida doomed?

July 5, 2012April 30, 2013

Transaction Account Guarantee Program Not Extended

SSD lawyer Lawrence Disparti made a call to Congress to act to save the trust fund for the program. The Florida Social Security Disability program has been in the spotlight following a call made to Congress by SSD benefits lawyer, Lawrence Disparti, who stated that its trust fund will be entirely depleted by 2016 if action is not taken. Disparti’s claim is based on statistics presented by analysts who specialize in the subject. The lawyer, who is also the founder of the personal injury and disability benefits law firm, the…

Disability insurance health proofs your retirement plan

June 28, 2012April 30, 2013

Are your golden years protected against the cost of illness and injury? Though disability insurance is considered one of the key elements of any sound retirement plan, all too many Americans are finding themselves without this vital financial protection, even if they diligently max out their IRA and 401(k) every year. Individuals and financial planners alike are overlooking the need to discuss this topic. Though many concentrate hard on the risk of remaining employed due to economic circumstances, many are neglecting to remember that there are other reasons that an…

How disability insurance can provide security to the household finances

June 24, 2012June 24, 2012 Julie Campbell

Consumer advocates and personal finance experts are trying to educate the public about its importance. For most people, throughout their working lives, the financial security of their family is based on their current income and not an asset that has already achieved its full value, making long term disability insurance a highly valuable and yet greatly overlooked element of any personal finance strategy. One of the most devastating events to a family’s finances is a disabled earner who cannot continue to work. This is the case at any point in…