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…
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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…
Read MoreThe 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…
Read MoreDisability Insurance Services unveils Great Getaway Giveaway sales contest
The largest disability insurance solution provider in the country, Disability Insurance Services (DIS), has announced the upcoming start of its Great Getaway Giveaway sales contest for financial planners, insurance agents, and independent marketing organizations (IMOs). It will allow DI insurance professionals to win a trip to any destination on the planet and will begin on October 10, running through November 11. Dan Steenerson, the president of Disability Insurance Services, said that the goal of the insurer is to make sure that every American’s paycheck is securely protected. He added that…
Read MoreThe 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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