I have noticed a lot more mention of Paid Family and Medical Leave (PFML) online and in the print. It got me asking questions . . . how does PFML relate to disability income insurance, group STD and group LTD, FMLA, and other state and federal programs that already are on the books? For the…
For HR folks, the fall is sort of like their own version of the retail holiday season or the big football final…that’s because it’s open enrollment, the time when employees are able to make major changes to their benefits plans without penalties. And just like retailers start planning their holiday promotions early, so should the…
If you’re in your mid-to-late 40s, the options to protect your income may be coming to an end. If you don’t have income-protection disability insurance, you may find it’s more difficult to get it and that the cost is increasing. Disability insurance? Yes, basic disability insurance is most affordable way to protect your income…
“When the well runs dry, we know the worth of water.” – Benjamin Franklin Chances are, your income is your greatest asset when measured over the course of your entire career. But in a sea of competing financial priorities, it’s all too easy to dismiss the importance of having disability income insurance protection. That…
One of the most important reasons for workers to buy disability insurance is, of course, income replacement. When a policyholder is sick or injured and becomes unable to work their disability insurance will cover a percentage of their monthly income, allowing them to pay their everyday expenses until they recover. But disability insurance plans generally…
By Sharon Scanlon, Lincoln Financial Group As a woman planted firmly in the sandwich generation, I’m happily helping my 80-year-old mom when she needs it, while also encouraging my youngest kids on their journeys to leave the nest. Across three generations, it’s no surprise that our family gatherings feature a variety of opinions on just…
The Future of Work through Three Lenses: Climate Change, Artificial Intelligence & Disease by Margaret O’Neill, SmithGroup Part III: Another Pandemic? This paper, focused on the threat of another global pandemic, is the third in a 3-part series that considers the potential headwinds and tailwinds affecting work as we know it in America. This paper will…
This article originally appeared on the American Fidelity blog. Zip-lining in Costa Rica. Parasailing in Cabo. Skiing in Colorado. In today’s world, millennials have more access than ever before to new experiences, new adventures, and new opportunities to cross items off their bucket lists. Because of their active lifestyles, Disability Insurance is an important part of…
There are 33,000,000 small businesses in the United States and fewer than 3,000 purchased disability overhead expense in 2023. DI is often described as the “selfish” insurance. Your auto coverage pays for the mechanic to fix your car. Your homeowners pays the handyman or roofers to repair the house. Your health insurance pays the doctor,…
First, the Ankle Like many baby boomers, I participated in many sports and served in the military. For the most part, other than some incidental injuries, I made it to my ‘60’s’ and felt I would be able to continue to be active as I approached retirement and whatever followed. Well, my body answered very…
