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.
Forty-six percent of adults say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money. This is attention-grabbing and a potential wake-up call for building an emergency fund. But an emergency fund is just the first step, financial preparedness, which includes disability awareness needs to be considered as soon as you cover your emergency funds.
Are you still using or anticipating using the four percent retirement rule? Maybe you ought to think twice before doing so. This rule was a great rule of thumb when it was created in the mid-90s up until about 10 years ago. Then interest rates plummeted, and with them, the efficacy of the four percent withdrawal rule.
With about half of all U.S. adults dealing with one or more chronic health conditions, critical illness coverage is something we should all consider.
If you want to protect your income to preserve the retirement you deserve, here are a handful of things to be wary of and guard against.
As we approach the holiday we have created to honor love, here are a few more good reasons to get income protection through disability insurance.
These five crazy work injuries should remind you to stay alert on the job. Income protection begins with protecting ourselves.
This holiday season, it was our pleasure to bring you the “Eight Days of Income Protection.” This series aimed to challenge our readers to start 2016 off with a personal finance and income protection plan. Here, we round up all eight posts.
It’s never too early to start thinking about your financial security. We share seven savings plans to help you plan for the future.
Long-term care insurance is a critical piece of retirement planning. Today there are many straightforward and flexible long-term care solutions. Find out more here.