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…)

Serious medical problems can affect many people throughout their lives, and no one can predict what the future will hold. As many people, particularly those of an older age, may have a number of dependents or responsibilities it can pay to think about putting a safety net in place. Critical illness cover is one of these options, and may be more effective than relying on the off chance of investments paying off or of savings being adequate in the event that someone is seriously ill in later life. (more…)

Smoking can affect Pennsylvania term life insurance rates in a rather expensive manner. It common knowledge that a smoker will generally pay a higher rate than those who choose not to smoke. The chance of acquiring a life threatening disease is much higher with tobacco usage. Life insurance companies compensate for this by “rating up” a policy to cover the risk. It’s worth mentioning that some carriers will not raise your rate if you smoke an occasional cigar (i.e. once a year for a new born baby). (more…)