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Disability Insurance 18 – the Need for Disability Insurance

A lot of people are worried about what would happen in the event they were unable to work. In fact, the inability to work due to an accident or illness is something that frightens many people and is the main caused for the need for disability insurance. Statistics show that becoming disability prior to age 65 is a real possibility for large percentage of working people and one out three of them will be disabled by their mid-fifties.
As you know the older you got, the more likely it was that you would become injured or sick and unable to work. The below is the statistic report of the industry advisory committee for individual health insurance policies provided by national association of insurance commissioners.

Lives disabled in one year per 100,000 active lives exposed
Age disability
1. Age of 22 to 26
Out of 100,000 participants 3923, 664, 75, 51, 27, 16 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

2. Age of 27 to 31
Out of 100,000 participants 3877, 657, 72, 52, 29, 19 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

3. Age of 32 to 36
Out of 100,000 participants 4372, 778, 91, 63, 39, 26 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

4. Age of 37 to 41
Out of 100,000 participants 5029, 981, 119, 87, 45, 38 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

5. Age of 42 to 45
Out of 100,000 participants 5895,1257, 172, 129, 85, 60 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

6. Age of 46 to 52
Out of 100,000 participants 6918,1676, 283, 219, 148, 105 are still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

7. Age of 53 to 56
Out of 100,000 participants 8158 , 2239, 463, 372, 260, 178 still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

8. Age of 57 to 61
Out of 100,000 participants 9816,3110, 842, 707, 501, 328 still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

9. Age of 62 and beyond
Out of 100,000 participants 11737, 4420, 1491, 1286, 910, 558 still disabled at the end of 1 , 3 , 6 month(s) and 1, 2, 5, 10 year(s) accordingly.

I hope this information will help. If you need more information of the above subject, please visit my home page at:
http://disabilityinsurance17.blogspot.com/
http://lifeanddisabitityinsuranceunderwriter.blogspot.com/
http://businessdisabilityinsurance.blogspot.com/

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Do You Need Commercial Auto Insurance

You get in a wreck and find your car insurance won’t cover you. What happened? If you were conducting business and you were not carrying a commercial policy, you could be in danger.

So, if you are a business owner, following up with the type of auto insurance you have is critical as you and your business could end up being liable.     To start, you need the same kinds of insurance coverage for the car you use in your business as you do for a car used for personal travel — liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the “principal insured” rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

Whether or not you need to buy a business auto insurance policy will depend on the kind of driving you do. A good insurance agent will ask you many questions about how you use vehicles in your business, who will be driving them and whether employees, if you have them, are likely to be driving their own cars for your business.

While major auto coverage is the same, a business auto policy differs in many technical respects. For instance, if you have a personal umbrella liability policy, there’s generally an exclusion for business-related liability. So are you safe?

Here are some examples of ways you may get into trouble without a commercial policy:

•    Pizza and newspaper delivery;
•    Catering;
•    Door-to-door consulting services;
•    Landscaping or snowplowing services
•    Day care/church van services.
•    Real Estate Agents

If your business uses a vehicle, or many vehicles, you will want to ask your insurance professional some important questions such as:

• What are my liability limits? In general, a commercial auto policy can offer higher liability limits. Larger vehicles, such as delivery vans, can cause more damage than passenger cars.

• Does my personal policy cover me for issues specific to my business? For example, if you have a trailer that damages another vehicle while on a job, a personal liability policy may not cover the repairs. A commercial policy will.

• Do I have employees who drive my vehicles? In general, if other people drive your vehicles for work, you need a commercial auto policy.

You also need a commercial auto policy if your vehicle hauls tools or equipment weighing more than 500 pounds, makes deliveries or requires filings for interstate for for-hire trucking businesses.

Once you have taken all of the above into account, you can rest better at night knowing you are fully protected and no assumptions have been made.

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Supplemental Health Insurance — 5 Reasons You May Need It

Congratulations! You have a job that provides health insurance benefits as part of your compensation plan. In today’s economic world, having these benefits may make you feel as though you’ve won the lottery. But before you pop the champagne, take a minute (or an hour) to read over your policy. There is a good chance that your employer has had to make some compromises in the coverage in order to provide the policy at all, so you may find that you are responsible for more of your medical expenses than you had thought. This is where supplemental health insurance can be life-saver (or at least save your savings account).

Supplemental health insurance, or “gap” insurance, is a secondary policy that pays for out-of-pocket medical expenses not covered in your primary plan such as deductibles and co-payments. Some supplemental policies even pay you a cash benefit for lost income due to illness or injury.

 If you fall into any of the following five categories, you may want to think about supplemental insurance as part of your overall health insurance strategy.

1. Are you self-employed? If so, you aren’t covered at all by an employer’s health plan and you need to provide all coverage yourself. For your primary insurance, you may want to consider a catastrophic policy — which only covers major medical events and requires you to pay for office visits, prescriptions, and other minor medical care — but which comes at a much cheaper cost than comprehensive health insurance. A supplemental policy would help cover your out-of-pocket costs, and perhaps more importantly, provide a cash benefit if you become too ill or injured to work.

2. Are you responsible for your family’s health care? Remember, each person who is on your primary health plan is subject to an individual deductible and co-pay maximum, making your out-of-pocket expenses larger than an individual’s health plan might be.

 3. Do you lack savings? If even a few weeks off work could mean financial disaster for your family, you may need additional insurance to provide cash benefits. These cash payments can be used to make mortgage payments and buy groceries when you’re off work because of illness or injury.

 4. Are you concerned about the risk of cancer? There are certain supplemental policies that provide cash benefits to policy-holders for cancer treatments and the related expenses of treatment.

 5. Do you have a pre-existing medical condition? Most health insurance plans will not provide benefits for medical conditions that existed before coverage became effective. However, a supplemental policy can sometimes be purchased to specifically cover a pre-existing condition. Not all insurers offer such coverage, but with careful shopping, you should be able to locate one to meet your needs.

 As you can see, supplemental coverage is not always necessary for those who are fortunate to have a comprehensive primary policy. But for certain situations, a supplemental policy can be the difference between financial disaster and financial health.

 If you are interested in shopping for supplemental health insurance, you can obtain multiple online quotes at the website recommended below.

thriveamerica.com | Graham Wickham Part 2 I am currently the President and CEO, of The Wickham Agency, Inc. and Wickham Financial Group, Inc, with a 37 year tradition of personalized service. I am a fully licensed Insurance Agent and Financial Advisor, who has been working with clients to develop investment and insurance strategies designed to help them meet their insurance and financial goals and objectives, for over 14 years; during which I have been blessed to have an amazing team working with me to offer personalized services in a comfortable family atmosphere. In addition to ensuring my clients’ insurance needs are properly covered, both personally and professionally, my team and I help with a variety of financial services such as stocks, bonds, mutual funds, annuities, retirement, and specialize in 401K rollovers. I strive to help my clients earn the best return possible on their monies invested, as well as making sure I’m saving them money, too! Clubs I’m a member of professionally, include – Kiwanis Club of Marietta – Marietta Business Association – BNI North Atlanta Referral Partners I guarantee one certainty, that when choosing either The Wickham Agency, Inc. (for insurance needs) or Wickham Financial Group, Inc. (financial advising), you will be in the caring, capable and trusted hands of my talented staff. Connect with us today to begin to plan your future! Lastly, I’m always looking to add successful, currently licensed insurance agents and financial advisors …
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Cheap Landlord Insurance Guide – What Landlords Need In Insurance

Now, landlords do not have to stress themselves searching for home insurance the old traditional way.

While in the comfort of their homes, they can source providers online, get free quotes and compare prices to make sure you get rates that suits you and also comfortable for your budget.

NOTE: as a landlord, it is important you get a comprehensive cover deal that will take care of the home structure, land area and home content. It is important that you understand very well the policy statements so as to give you absolute peace of mind.

Taking time to make sure your property is safe will earn you a lot of benefits from the policy providers. Safety practices like fixing burglar and fire alarm systems will make home insurance companies offer you discounts. This is true because you are also keeping the home cover company free from paying too much on many unnecessary risks; risks that you could prevent from happening.

Apart from saving money, that is lowering your premium, you also have full control over your account which means that you can adjust your policy as and when desired using your own login details.

You will definitely get the cheapest and ideal landlord insurance cover deal online if you take out a little time and compare rates from trusted sites that provide you free quotes from all the leading home insurance companies available in your area.

Where To Get Trusted Landlord Insurance Providers Online? Here: Cheap Landlord Insurance

What Level Of Auto Insurance Do You Need?

The level of auto insurance that someone might need depends on the financial circumstances of the individual concerned and the cost of the car involved. Take for example someone who has a brand new ,000 motor, it would be sheer folly to do anything other than take out one of the best auto insurance policies available and the cost of the auto insurance is likely to be insignificant when considering the overall annual cost of the car.

However, if you have a car that is nearing the end of its life, have a low cost car and previous claims or are a new driver then the cost of the auto insurance versus the benefits you might receive need to be given greater consideration. Comprehensive auto insurance premiums are likely to be disproportionately high for older vehicles, new drivers with low cost autos or drivers with accident history.

Whatever your circumstances you are legally obliged to take out a basic level of auto insurance that will cover you against third party claims and given the level of damages awarded seem to be increasing out of control then my advice would be to get the best possible third party liability auto insurance cover that you can afford.

The legal requirements for auto insurance does vary from state to state so you’ll need to clarify the level of cover you require when taking out auto insurance but only insuring to the legal minimum isn’t necessarily the best choice to make.

If you have a lot of money sunk into your car or your auto is leased then you really should take out comprehensive and collision auto insurance to cover you for things such as fire, theft, acts of god or collisions that are your own fault.

If you live in an area where cars are regularly vandalised you might want to consider comprehensive auto insurance when perhaps you wouldn’t have otherwise done so. The cost of your auto insurance will generally be higher if you live in such an area but that is something you have to weigh up against the cost of repair.

Personal Injury Protection is something that everyone should consider as this element of your auto insurance will cover medical costs associated.

Despite legal requirements some people still persist in driving around without auto insurance leaving the others with a need to insure against the uninsured motorist. Uninsured auto insurance will cover you for damages in the event of an accident with an uninsured motorist. Again, insurance that everyone should give serious consideration to given an auto accident could leave you unable to work or your family without any means to earn.

If you want a more comprehensive auto insurance policy but want to limit the cost then you could look at opting for a higher level of deductibles. Deductibles are the amount you would have to pay before you could make a claim against your auto insurance policy and generally, the higher level you agree to the lower your auto insurance premiums.

Why Would I Need a Long Term Care Insurance When I Have My Disability Insurance?

Quite often, people have a tendency to get confused about this subject. When people are asked how they plan to protect their assets and income in case of a long term care situation, almost every time answer is the same; “Well I have a disability insurance…”

Confusion starts with the definition of Disability Insurance where people get Short Term Disability and Long Term Disability confused with Long Term Care. There is a distinct difference between the two insurance plans and in order to have a better understanding of the difference, we need to know what each insurance vehicle offers as protection.

We’ll start explaining what Disability Insurance offers without going into too much detail as in Long Term or Short Term Disability: In a nut shell, Disability insurance provides a portion of your income for a certain period of time when you are disabled while you are employed. What this means is when you get disabled, you may receive up to 40, 60 or maybe 80 percent of your total income for a specific period of time. Further more, this also means two things:

(1) You are not going to receive any supplemental income for the cost of your care through your disability insurance; all you are going to receive is the portion of your income.

(2) You will receive a portion of your income for a specific period of time. When this period is over, your income from your disability insurance will seize.

So you can actually see that the benefits of Disability Insurance are very specific and limited. Nevertheless this simply doesn’t mean that Disability Insurance is not a valuable protection plan. When you learn the benefits of Long Term Care Insurance, you should be able to understand that the two protection plans take separate and important precedence in our lives.

Before we get into the benefits of Long Term Care Insurance, we need to clear out one misconception about this insurance plan; Long Term Care Insurance is not necessarily some insurance plan that you purchase to get care when you are older, and it is not particularly a nursing home care either. People get into Long Term Care situation in younger ages too and Long Term Care Insurance is a great protection plan that provides many valuable benefits.

Among many of these benefits, of course the most important one is to provide funds for your care when you are unable to do some of your daily activities. This is actually the main difference between this plan and the Disability Insurance; Long Term Care Insurance does not provide income or any portion of your income, it actually pays for the cost of your care up to certain amount which is determined within your policy. In other words, Disability Insurance provides you a portion of your income where Long Term Care Insurance actually pays for the cost of your care. Now you can see the importance and the complimentary nature of the two insurance plans; while you are receiving a portion of your income through your Disability Insurance – which is always less than your regular income, you will also have your Long Term Care Insurance paying for the cost of the care that you are receiving.

Considering the present high cost of care, and having to pay for it with a limited income may become an enormous financial burden. This is one of the most important reasons why these two insurance plans exist. It is also as important and highly recommended that you should consult an insurance professional who can coordinate and design these policies according to your specific personal needs for your full protection.

Remember, you must protect the most important asset in your life: Your Earning Power!

Information to help you decide if you need disability insurance coverage.
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Your Dental Insurance Plan – What You Need To Know

There are fantastic deals on a dental plans out there for you and it only requires a bit of research. Don’t wait until you find there is a problem.

Key Factors in Buying Your Dental Cover

The best cover offers a lot of preventive care for free or very inexpensively. This is in place to encourage simple steps that in the long-run save you a lot of money.

Usually, at the very least, plans provide two free cleanings a year and the only time the coverage gets rather expensive is when you start getting into services like a root canal.

Basic fillings are well covered and if you have kids you know they may well need a few of those. A dental insurance plan is vital if you have children. Good dental hygiene and regular visits to the dentist can save them from a lifetime of heartache.

There are some companies that offer special plans that works a little differently than a traditional dental insurance plan. They are more commonly called discount plans. By just signing up you get deep discounts in dental services. If you are a single adult with good teeth, this may be the way to go.

They offer cheap cleaning and visits. If you require more coverage, you will want to stick to the more traditional type of plan.

Coverage Level Is The Deciding Factor For Many

As with health insurance, a dental cover may take in to account the level of insurance you will need. If you are older, you are likely to have more difficulty and require more care. Even with a top notch dental insurance plan there are things that virtually no one will cover. Dentures and tooth replacement are just a couple of them.

If you are a senior you may want to contact AARP for a their offer. They often offer less of a penalty for being a senior.

You can probably get away with not having a dental insurance plan for years, but when the time comes and it seems to come for all of us, you don’t even want to think about paying full price. If you find yourself in this situation contact one of the discount dental plan providers and sign up.

They will cover you right away so at least you can enjoy a deep discount on services.

Find Plans Recommended By Others

A great way to start looking for the best dental cover for you is to ask friends and family who they use, if it is affordable and how much they cover. Often a dental insurance plan will only offer so much coverage per year.

If you have a college age student, some campuses offer a dental plans just for their students. It may be more affordable than covering them on your plan. Spend some time online or in the yellow pages and start evaluating all the options for your cover before you need it.

You will be glad you did.

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Yes, You Do Need A Disability Insurance

People are often unsure whether or not they actually need disability insurance. This is a decisional problem. Considering the fact that with all those bills to be paid every month, one is often not ready to get another sum on one’s head.

We all go for spending only when we feel that the thing is actually needed. No doubt, the insurance comes in as a saving grace when the going gets tough in times of injury and illness, but we still have the question- is it really important? Yes, it is. It is important for nearly everyone because misfortune does not have a merit list to follow. It can fall on anyone, anytime. There is no logic to it and the weatherman can’t predict the hail. So, be prepared. If you still need reasons, here are few:

1.Ask yourself if you could get seriously sick. No matter how good a shape you are in currently. There is always a chance of your getting serious sick without any initial warnings, medical or divine. So, on that count nearly everyone’s case tests positive.

2.Can I suffer and accidental injury? Nearly everyone can. Even if you do not go out, and do not drive at a breakneck speed, there is still a chance of an unforeseen injury. How? Well, haven’t you heard of slipping-in-the-bathroom stories? If you have, there is a good chance that some of them were true and not just excuses for escaping a lunch commitment or a day’s office work. However, if you work in an industry that employs heavy machinery or makes it, your chances of accidental injury are particularly higher. And this necessitates disability insurance for you.

3.Another important question is if you can afford to self-finance your medical bills and recovery. Some can, most can’t. There may be many of us who are relatively well off and can deal with it pretty much. However, there is no way one could gauge as to how serious will be ailment or injury and how much money would it require for treatment. An additional safety net means additional security. What’s the harm in it?

Therefore, nearly every one of us, irrespective of one’s financial standing, needs an additional coverage. It is just an additional assurance that no matter how rough the weather is, there is sufficient resources tucked away to live on. This makes one live more fully, more freely and with greater freedom. So, once you get a disability insurance policy for yourself, you can take a deep breath of peace. Isn’t that wonderful?

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Workers Compensation Disability Insurance – Helping Those That Need It

Compensation for Workers

Workers’ compensation laws cover employees who fall ill while they are working, or get injured on the job. State law requires that every employer should have taken out a workers compensation disability insurance, although there may be a few exemptions. Payment for medical bills and compensation for wages lost are part of the benefits of this policy. However customarily, only a two thirds portion of your wages will be paid and not the entire amount.

When preparing to make a claim, at the outset you should inform your employer of your accident. The necessary forms to be completed for the failing of a claim would normally be provided to you by your employer. If this is not done, you should contact the workers’ compensation office in your state, without any delay.

Social Security Disability

You must have both a medical condition which satisfies the criteria of the Social Security, as well as have been employed in jobs that are recognized by Social Security in order to qualify for these benefits. If someone is not able to work for more than a year owing to a condition of disability, usually benefits in the form of monetary aid are paid. The procedure to submit an application takes roughly 2 to 3 months. After this there is another waiting period of 6 months before the check can be collected.

- If you have been rendered permanently or temporarily disabled you should make a claim right away. Usually in order that a claim may be entertained there is a time frame within which the claim should have been submitted most often within 30 days of the date of injury or start of sickness.

- In making your claim if you are in need of any assistance or have any queries you should contact the Labor Department of your state, Social Security Administration or the Workers’ Compensation Board in your state.

- You should think about buying disability insurance whilst you are hale and whole. You could first find out from your employer exactly what kind of insurance coverage they are geared to provide and then get the permission to get a supplementary cover. When you calculate, assess if the benefits you are eligible to receive are sufficient to live the kind of life you are accustomed to. If not, you should think about also buying personal disability insurance.

Note: The information provided here is general. You should contact the workers’ compensation offices for specific information to suit your individual circumstances and also about disability insurance and related benefit programs.

Landlord Insurance Guide – What You Need to Know

The time when landlords had to undertake the stressful task of going about sourcing for the appropriate low rate insurance policies to cover their properties are over.

From your home, office or relaxation spot, you can quickly connect to the internet and get the information you need on the appropriate home cover deal, compare free landlord insurance quotes and choose the best service that won’t leave a hole in your pocket.

NOTE: as a landlord, it is important you get a comprehensive cover deal that will take care of the home structure, land area and home content. Understanding your home cover deal is very important if you must have peace of mind when paying the stipulated cover rates.

Taking time to make sure your property is safe will earn you a lot of benefits from the policy providers. Installing safety devices for fire and burglars will place you on preferred risk level and earn you great discounts. Making sure that the insurance company is not taking unnecessary risk providing you coverage will make you a preferred client that enjoys special benefits.

Apart from saving money, that is lowering your premium, you also have full control over your account which means that you can adjust your policy as and when desired using your own login details.

Know exactly what you want and use it to compare the free quotes you have collected from different landlord cover companies, this will make you get your preferred deal.

Where To Find Reliable Home Insurance Providers and Compare Their Free Quotes Online? Click Here: Cheap Landlord Insurance Deal