Disability Insurance:

News from 2014

Brian So|Insurance Advisor, AAFS Insurance

Brian So Insurance Advisor, Brian So Insurance 1.What type of disability insurance do you own? I own an individual disability insurance policy with an regular occupation extender, residual disability, future insurability and cost of living riders. In case your readers are not aware, the regular occupation extender means that I will not be forced back to work after 24 months if I could work in any gainful occupation. Residual disability protects me from a partial loss of income, ...
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The Frugal Trader|Blogger, The Million Dollar Journey

The Frugal Trader Blogger, The Million Dollar Journey What type of disability insurance do you own? My wife and I have individual policies in own-occupation disability insurance. (more…)
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Sean Cooper | Pension Analyst and Financial Journalist

Sean Cooper Pension Analyst and Financial Journalist, www.seancooperwriter.com 1. What Type of Disability Insurance do you own? My employer provides me with group disability coverage in the event that I’m injured or ill and unable to work for an extended time. The plan comprises two parts: short-term disability (STD), which pays a benefit for up to 6 months (this is the elimination period), and long-term disability (LTD), which begins to pay a benefit after 6 months. For any validated ...
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Mark-Seed

Mark Seed | Editor of My Own Advisor Blog

Mark Seed Editor, My Own Advisor Blog 1. What type of disability insurance do you own? Through my employer, I am fortunate to be covered for the following: • Basic life insurance • Long-term disability coverage • Business accident travel insurance (more…)
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Tim Landry | Living Benefits Consultant

Tim Landry Living Benefits Consultant, QTR Solutions 1. What type of disability insurance do you own? I own $4,000 a month of non-can disability insurance (luckily because most groups and lesser quality products would not protect me as a 68-year-old.) I also owned $1,500 a month of Retirement Protector, but that ended at age 65. 2. What factors did you consider when determining the coverage amount? When determining the amount, I always balance two sides of the see-saw — ...
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Are Homeowners Properly Insuring Their Increasing Debt Loads?

These days, it seems like debt is the norm. Instead of it being the "elephant in the room," it's all everyone talks about ─ the bragging rights one obtains from taking out a loan to buy a luxury car, or funding a vacation trip entirely on credit. According to a survey by Manulife Bank of Canada, homeowners are more comfortable with both holding and talking about their debt than their parents were. "Recently I've noticed people are happy to talk about their debt as if it's an achievement, ...
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Disability Insurance Fraud

At the end of February 2014, 28 people, over several U.S. states, were added to the 100 people already arrested in January of that same year for social security disability insurance fraud. The far-reaching fraud scheme stretches back 26 years, when the Application for social security card was jsut starting out. It is involving over 1,000 fraudulent claimants. Many of those arrested were retired New York City police officers and firefighters. They are charged with grand larceny and ...
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