The thought of not being able to work for a year or longer is completely foreign to most of us. Yet, statistics bear out that 20 percent of U.S. workers will experience that exact situation.How would you pay the mortgage and other bills for a year or more?How would you maintain your current standard of [...]
Workplace disabilities are on the rise. It’s making employers and consumers take a look at handling both stress and health problems. Many of these problems are caused by high stress, lack of exercise, plus a workforce that is getting older. This drives the number of folks who are entitled to long-term disability up annually, per [...]
State insurance carriers offer hail insurance, life insurance (http://www.equote.com/li/nomedicallifeinsurance.html), workmen’s compensation insurance, unemployment insurance, disability insurance, second-injury funds, and Torrens title insurance. Of course, in the beginning not every state had all these funds. In fact, only Wisconsin had a life fund at first; and very few states had hail insurance, title insurance, or disability [...]
A senior management employee suffers from severe depression and has to take time off work. She applies for long-term disability (“LTD”) benefits under her employer’s group insurance policy. She receives LTD benefits. After two years, her employer gets tired of waiting for her to come back to work, and fires her.Another scenario: the same employee [...]
Disability insurance includes the following riders and benefits that allow the insured to customize the coverage to meet the exact needs of the insured.1. Automatic insurabilityThis rider if it is included in the policy allows the insured to increase the monthly benefit on specified option dates without providing medical evidence. The insured only needs to [...]