With the arrival of fall, two things are guaranteed to happen: leaves will begin to change color, and “Open Enrollment” will start for most employers. Employers will inform their employees about new benefits and price changes to existing ones. They will often add new benefits to these packages. Increasingly, voluntary payroll deduction products are offered…
We all know that life insurance is a must when it comes to protecting our family’s financial well-being, but paying an additional premium for disability income (DI) insurance can feel like a low priority given the many demands on our budget. Younger workers, in particular, often dismiss the need for private disability income insurance, unaware…
When it’s time to start a family, many parents-to-be are so focused on decorating the nursery and choosing the right car seat that they can overlook the life-altering impact a baby can have on their financial life. And we’re not just talking the exorbitant cost of diapers—we’re talking nearly 4 million dollars in “potential income.” These…
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…
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…
There are Few Feelings Worse than Being EXPOSED. Before you go deleting your browser history—don’t worry—I’m not talking about anything sinister here. More along the lines of… Exposed for doing or saying something hypocritical. Exposed for not doing the right thing. Exposed for bad planning. But we learn from the pain. And if you’re in…
Eight Tips for Living Well from a Busy Baby Boomer! If you’re a recently semi-retired Baby Boomer as I am, you’re in good company. Every day, an average of 10,000 Americans will reach retirement age. That daily number will grow over the next several years as Baby Boomers stop working. Tip #1. Retirement…
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…
Alexandra Ginieres, Chief Marketing Officer, MGIS The ability to earn an income is what funds your life, and it is the foundation of your financial well-being. Disability income insurance protects your paycheck by replacing a portion of your income if you become too sick or injured to work. The reality is that one in…
Having spent most of four decades marketing and selling disability income insurance, including individual, group, and payroll products, I am still amazed at the general resistance by many working Americans to doing fundamental research and analysis of their own personal and family financial situation. The amount of life insurance sales each year dwarfs the combined…
