One of the keys to finding the right income insurance is learning some of the basic terms that many companies use to describe their polices and rules for claims and payouts of benefits. Like many of you in the medical profession, insurance companies, agents and brokers have their own jargon that
How Much Can You “Benefit”?
How Much Can You “Benefit”? Determining the amount of disability insurance benefits you may qualify for is not always as simple as establishing monthly expense and monthly income numbers. There are other factors that go into establishing a DI policy for you – and believe it or not, the maximum
Elimination and Benefit Periods
Elimination and Benefit Periods When you’re shopping for the best disability policy for your needs, it’s clear that the monthly premium will become a factor in determining the type of policy and the company from which you take out the policy. The two main factors that can affect your premium the
Getting the Right Size Umbrella
Getting the Right Size Umbrella One of America’s foremost financial counselors, Dave Ramsey, says, “It’s gonna rain. You need an umbrella.” Of course, he was referring to having an emergency fund of cash available. But the same truth can be applied to having disability insurance. Maybe you’re not
Apples to Apples
Apples to Apples Have you conducted a needs analysis for disability insurance with your agent or broker? Do you have an idea how much DI you would probably need for you and your family to survive with an extended disability? Were you sufficiently awed by the numbers that you are ready to take the
The Expressway to Broke?
The Expressway to Broke? You might have read another post on this blog that mocked your perceived invincibility if you’re a youngin’ (age 50 or under). The very short version of this post was that the younger you are, the higher the odds that you will become disabled for at least 90 days, suffering
China Truly Was On To Something
China Truly Was On To Something China has been a country for the most part cloaked in mystery. However, we do know that China was a hotbed of innovation and invention thousands of years ago. But perhaps one of the great China innovations that many may not know has to do with disability insurance.
The Audacity of Invincibility
The Audacity of Invincibility You think you’re invincible, huh? Think you’re Superman? Murphy has something to say about that. You know Murphy – the one with the law that says that whatever can go wrong, will? Yeah, Murphy really doesn't take too well to those who believe they’re invincible.