Group disability insurance is an important (but sometimes overlooked) employee benefit. Just how important? Research finds that 75% of employees would have trouble paying for basic living expenses after several months if they became disabled and were unable to work. At a time when competition for top talent is high, and health and financial security are…
This article originally appeared on the American Fidelity Blog Understanding the differences between short- and long-term disability insurance can be tough and knowing which coverage is right for you is not always easy. However, disability insurance can be an essential part of a solid financial plan, so it’s important to understand your options. What is…
By Amy Fontinelle Editor’s Note: This blog post from The Council for Disability Awareness’ member company, MassMutual, defines how much of a problem Alzheimer’s disease and other forms of dementia are becoming as people live longer; points out how significant the direct and indirect costs of caring for someone with dementia are becoming; and recommends steps for estate planning and preparation that…
Scott McCarthy, Regional Vice President, Sales & Distribution, Ameritas Life Insurance Corp. Managing and understanding risk is not a strength for many people. It’s also why financial professionals need to be effective at helping clients make changes that address long-term financial needs. Changing the conversation In discussions with colleagues, I frequently comment on the need…
By: Kelsey Bradbury, AVP Market Intelligence, Lincoln Financial Group Editor’s Note: With many competing financial priorities, it’s not surprising that some employees may choose to decrease their benefit expenses as a way of managing their personal impact from inflation. Which is why it’s important that when enrollment time arrives, employees fully understand the purpose…
Alexandra Ginieres Head of Disability Marketing, Individual Markets Guardian Life Insurance Company of America® Editor’s Note: It’s that time of year when many employees are reviewing their employee benefits, renewing their previous choices or selecting new options, and considering financial products they can (or did) buy on their own such as disability and life…
By Steve Perrigo Editor’s Note: When most of us think about “open enrollment” for benefits through our employers, we rarely—if ever—think about benefits we passively pay into through our payroll FICA taxes, such as Social Security Disability Insurance. Steve Perrigo from CDA member company, Allsup, writes an easy-to-read post on this important benefit. October…
By Amy Fontinelle Editor’s Note: The pandemic changed how we work and how employers must prioritize benefits to support their workforce. Pre-pandemic, employee benefits like health insurance and retirement funds were always top of mind. These cornerstone benefits remain important, but the widespread shift to remote and hybrid work, combined with the unique challenges brought…
By Tara Mallaley Editor’s Note: If there’s one lesson we took away from the pandemic is our salaries may not be replaced when we leave work with an illness. About 50 percent of employees have some form of income protection coverage available to them through their employers. Typically, employers who provide disability insurance offer both…
By Matt Jensen Editor’s Note: The pandemic has brought a new lexicon to workplace design. Should we move forward with remote, hybrid, or onsite work models? Matt Jensen, a Council for Disability Awareness board member walks us through the pros and cons of the different approaches and shares where his company landed. In March 2020,…
