Elimination and Benefit PeriodsWhen 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 UmbrellaOne 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 ApplesHave 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
Critical Care Comes at a CostMost people are highly optimistic that they won't get into a serious accident or fall to a serious illness in their lifetime. But nobody is immune to life-altering events, such as heart attacks, strokes, or cancer. As a pysician, you are certainly aware that illness and
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 SomethingChina 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 InvincibilityYou 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. However,
The Million Dollar GapCan you imagine missing out on a million dollars?The Canadian band, Barenaked Ladies, sang “If I Had a Million Dollars.” Well, what if you became seriously disabled and could not work for years – if ever again? How much money do you think you would be missing out on in order to