Live Insurance News

Do Gamers Need Disability Insurance?

March 16, 2021March 17, 2021 Guest Author

professional gamer needs disability insurance why #insurancenews

While everyone already knows they need essential health and automotive insurance, other types of insurance aren’t well-known. Professional gaming is a new career pursuit that many of the younger generations are trying out. Many think gaming does not involve any risks and might not think they need any type of insurance, but that is far from the truth. What is Professional Gaming? With the development of game-streaming platforms such as Twitch, many gamers are competing with each other on a professional level. Even newcomers are able to participate, often opting…

Do your employees need a supplemental accident benefit if they have a health plan?

March 4, 2021August 9, 2021 Julie Campbell

Supplemental benefit accident health insurance with Allstate for small businesses explained #localagent #businessinsurance #accidentinsurance

Savvy employers are using this insurance to help workers to fill coverage gaps. A supplemental accident benefit, like other types of supplemental insurance policy, is a type of coverage that fills the gap left behind by many types of traditional health plan. Employers are increasingly offering this coverage as an appealing way to draw talented, loyal employees. Employers give the employee the option to pay all or some of the costs of this coverage. Adding a supplemental accident benefit and other similar forms of “sidekick” coverage to a benefits package,…

US Senate passes bill to ease access to disability benefits for ALS patients

December 9, 2020December 8, 2020 Logan B.

Disability benefits for ALS - man in wheel chair

This could make it easier for people with amyotrophic lateral sclerosis to use the coverage. The United States Senate recently passed a bill with the potential to make it easier for disability benefits for ALS patients to become accessible. The proposed legislation is called the ALS Disability Insurance Access Act of 2019. The U.S. House of Representatives must still approve the ALS Disability Insurance Access Act of 2019 in order for it to move forward. That said, if the bill is enacted, it would take away the current mandatory five-month…

Breast cancer disability insurance claim length average dropped by 2 weeks

October 19, 2020October 16, 2020 Julie Campbell

Breast Cancer Disability Insurance - pink ribbon

Survivors are heading back to work notably sooner than had previously been recorded. Claims on breast cancer disability insurance have been a top cause of this type of coverage for more than a decade. However, the length of those claims has been getting shorter. In fact, survivors have shortened their time off work by an average of about two weeks. In 2019, the average length of a short-term breast cancer disability insurance claim was 64 days. In 2010, that figure was 78 days. This shows a meaningful change in trends…

What Sort of Insurance Do Athletes and Sports Teams Need?

June 5, 2020 Guest Author

As we all know, if you’re prepared to pay enough, you can insure just about anything. For example, actors regularly insure parts (or all) of their bodies for eye-watering sums. Some of the most famous examples of this include Heidi Klum, who insured her legs for $2 million each, Julia Roberts insured her teeth for $30 million, and Daniel Craig who insured his entire body for $9.5 million. While this may seem a little vein, it actually makes good business sense. Actors use their bodies to make big money, so…

Disability insurance for professionals: Yes, they need it

May 19, 2020May 19, 2020 Julie Campbell

Medical and legal professionals need this coverage as much as – if not more than – other professions. Professionals need disability insurance to provide them with income for maintaining their accustomed lifestyle until they receive medical clearance to return to work again. Illness is the leading reason for claims filed on disability plans. Professionals such as doctors, dentists, lawyers and others often overlook disability insurance. This is often because the coverage is associated with jobs requiring physical labor. However, an illness or injury can interrupt a doctor or lawyer’s capacity…

Cigna and Oscar Insurance Partnership to Sell Small Business Health Plans

January 17, 2020January 14, 2020 Logan B.

Small Business Health Plans - Doctor with stethoscope

The insurers have announced they will be launching the products in several U.S. markets. Cigna and Oscar Health have announced their intentions to launch small business health plans across a number of commercial markets in the United States. The partnership intends to move forward with the move together, letting them split the potential risk. Oscar is an insurance company best known for selling individual plans on the Affordable Care Act’s exchanges. The company has been seeking to broaden its offerings in a growing number of American individual and small business…