If you are newly disabled and unable to work, you probably have a lot on your plate. But if you anticipate your disability lasting awhile, it’s a good idea to get your long-term disability claim started right away. Speed and organization are two keys to make the process as smooth as possible. We’re here with…
Recently, the Consumer Federation of America (CFA) and Unum released the results of a long-term disability survey. For the survey, they polled more than 500 benefits decision-makers at small employers. The findings reveal that employers understand the value of this insurance for employees—whether they offer the benefit or not. It also found that those who…
One of the more common questions people have about purchasing disability insurance is the question of short-term vs. long-term disability insurance. It’s not always easy to know what’s best. What’s the difference between the two? Which one do you need? Or do you need both? Let’s start by explaining some definitions as far as short-term…
The world of disability insurance isn’t exactly known for snappy names for its products and features. Take “own-occupation disability insurance.” What is that, exactly? We’re here to help translate some of the terminology so you know what it is, and whether you need it. What Own-Occupation Disability Insurance is All About The first thing you…
There is often a false sense of security that comes from the assumption that many, or even most, disabilities would be covered by worker’s comp. In fact, less than five percent of disabling accidents and illnesses are work-related.
Are your disability benefits taxable? Generally speaking, if your employer pays for the policy, your disability benefits are taxable, and must be reported to the IRS as income. If you pay the policy premiums, you don’t have to pay taxes on it again.
Many people, even those convinced disability insurance is a great idea, just don’t know what to expect from disability insurance rates. That’s largely because it’s not easy to simply throw out a number—rates very person to person, depending on the circumstances.
Many families grapple with how to cover unpaid family leave without causing serious damages to the family’s finances. Fortunately, there are steps you can take in order to protect your income if you’re thinking about starting—or expanding—your family.
Now there are alternative solutions to the traditional disability insurance coverage mindset. Newer plans incorporate wellness and rehabilitation into the disability process, and encourage employees to take a more active role in their well-being, recovery and return to work
When people become disabled, dealing with finances can be incredibly stressful. And, as the newly disabled begin to look at their budget in this changed landscape, one of the first questions is often, “What does Social Security disability pay?” The answer: It depends. Getting Social Security Disability Pay First you need to know whether you’ll even qualify for Social Security disability…
