The concern over losing employees is something that keeps many HR managers and CEOs up throughout the night, and for good reason. Replacing even a $10/hr employee can cost over $3,000, and the expense of finding someone to take over a high-level position can be $8,000 or more. Even if you treat your employees like…
Everyone looks forward to payday, but for some, the excitement is tied more to being able to make rent than the gratification of a job well done. Living paycheck-to-paycheck is something that most people go through at one point or another (half of Americans find themselves in such a situation), and it can be a…
According to a recent Gallup poll, only 34% of the American workforce feel engaged in the workplace. The Engagement Institute estimates that disengaged employees can cost organizations between $450 and $550 billion every year. Fortunately, improving employee engagement doesn’t have to be an overwhelming challenge. Here are three essential tips to get you started, each…
While the term “Gig Economy” is often vaguely defined (it depends on who is included in the definition), the Bureau of Labor Statistics describes it as a workforce characterized by “single project(s) or task(s) for which a worker is hired, often through a digital marketplace, to work on demand.” Broadly speaking, Gig workers are individuals…
If you expect to rely on Social Security Disability Insurance – SSDI – if you become disabled, you may be gambling with your financial well-being.
Want to get the most our of your disability coverage? Learn how Social Security Disability Insurance (SSDI) and Long-Term Disability Insurance Work Together
There is a lot of misinformation out there regarding long-term disability insurance. We’re here to set the record straight on five of the most common myths. And check out how we took down three other long-term disability misconceptions here.
The following are frequently asked questions about disability insurance. Hopefully, they will help you as you determine what type of disability insurance is best for your income protection.
Disability insurance myths are pervasive. Disability myths are somewhat dangerous because they may prevent you from protecting your greatest financial asset—your ability to earn a paycheck. When you think of disability insurance, do you think about insurance that covers disability due to a relatively severe accident? Many people do. What about the chance of a disability happening to you? You are a careful person and you have a desk job. No need for disability insurance, right? Well, the preceding scenarios make up two of the larger disability insurance myths. It makes you wonder how many other disability insurance myths you believe.
Your ability to earn income is your most valuable asset. People tend to insure their property and their “things,” but frequently overlook the source that makes it possible to maintain their lifestyle—the ability to earn income. But what about disability insurance for the self-employed? Could it be extra important for them to have an income protection plan?
