Even though long-term disability insurance and long-term care insurance sound like they could be similar types of insurance, they are very different. Learn the differences between them and which one may be best for your particular situation.
Disability insurance myths are pervasive. Disability myths are somewhat dangerous because they may prevent you from protecting your greatest financial asset—your ability to earn a paycheck. When you think of disability insurance, do you think about insurance that covers disability due to a relatively severe accident? Many people do. What about the chance of a disability happening to you? You are a careful person and you have a desk job. No need for disability insurance, right? Well, the preceding scenarios make up two of the larger disability insurance myths. It makes you wonder how many other disability insurance myths you believe.
Your ability to earn income is your most valuable asset. People tend to insure their property and their “things,” but frequently overlook the source that makes it possible to maintain their lifestyle—the ability to earn income. But what about disability insurance for the self-employed? Could it be extra important for them to have an income protection plan?
Disability insurance has a base policy. But they also have options that can be added to the standard policy. Optional “add-ons” to the base policy of disability insurance are called disability insurance riders. Riders allow consumers to individualize—to add optional features, which address their specific income protection needs.
The definition of disability changes depending upon who you ask. The dictionary, the ADA, and Social Security all have definitions that they created. Which begs the question, who has the right to determine the definition of disability?
Are you looking to improve your life? A good way to start is making sure you have disability insurance coverage locked in.
We’re here today with some sound job advice for younger folks figuring out how to get ahead at the office, and how to make the most of out of every job.
Here’s a bit more about how Social Security Disability Insurance works, and how big changes may be on the horizon.
If you rely on working to pay the bills, to eat, and to just generally survive, you need to think about disability insurance.
You can beat cancer through healthy living, getting screened, and by protecting your most important assets with disability insurance.