Three out of ten workers between ages 35 and 65 are disabled, due to accident or illness, for 90 days or longer, and almost one in five will become disabled for 5 years or more (College for Financial Planning 2002). The financial consequences of losing income for many months can be devastating. Not only do many disabled workers not receive a paycheck, but expenses associated with a disability, such as medical bills, create additional financial pressure. (more…)

Social Security Disability Insurance is the primary social insurance program that protects workers from loss of income due to disability. Social Security Disability Insurance provides monthly cash benefits to disabled workers under age 65 and to certain dependents. Social Security Disability Insurance is intended for workers who stop working early (before age 65) because of a disability.

History. The 1935 Social Security Act established the federal Social Security system to provide old-age benefits for retired workers. (more…)

Disability insurance cover is the key word here. It promises to protect you and / or their families against the vicissitudes of life. We are facing risks with every step we make in life and thus insurance companies play their rule to continue giving insurance to cover all possible risks associated. As a matter of fact, today, it is common for a common man to buy a full charge for insurance policies cover the risk of your life, your car, house, work, medical expenses, etc.. (more…)

By definition a disability insurance leads are potential customers for disability insurance plans. Disability insurance is an additional problem for everyone, even though they are sitting in an office job or play a sports game. The possibility of getting immediate fatal injuries is real. This is an important concern when health insurance is renewed. In the event that a person can not work longer as a result of disability insurance, disability insurance coverage plan could save their life in term of financial compensation. The essence of this critical reporting was seen by many people. Please take note that the policy of disability insurance can be confusing. (more…)

How long can you pay your bills on $170 per week - before taxes? The New York area has the nation’s highest cost of living, and some of the highest incomes to help pay those bills. While the New York State Short Term Disability Insurance is good to have should you miss work, it does not replace a significant percentage of most New Yorker’s income. (more…)

In the eventuality of an accident, you must take advice from an accident claims solicitor. They can help you get the required information on making a claim. As a layman, you may not be aware of all the procedures to make a claim. Hence, seeking help from solicitors can prove to be useful. The solicitors will provide required guidance to make a claim. They will also brief you on the necessary steps to be taken to make a claim. (more…)

You can ask any financial advisor what is the most often overlooked type of insurance that people should have, and almost all will tell you it’s disability insurance. Many people ignore disability insurance in comparison to life insurance. However, the problem is that there is a much higher probability that you will have a long-term disability than there is dying before the age of 65. In fact, if you are between the age of 35 and 65 there is a 50% chance that you have been, (more…)

Ethical values are involved in the differential treatment received by the insured due to their disabilities. Now, normative arguments are being considered for and against the different treatment of some persons related with other by the insurers. We look at these arguments in the context of insurance efficiency and insurance equity. (more…)