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 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…
Alexandra Ginieres Head of Disability Marketing, Individual Markets Guardian Life Insurance Company of America® Editor’s Note: Experiencing a disability doesn’t have to be career ending. Being prepared for those “what if” moments is important. If you have the right coverage in place when an injury or illness strikes, you can ensure your income is…
By John Feeney, vice president, group sales and market development for the Renaissance Life & Health Insurance Company of America. Attention Gen Z and Millennials: disability insurance is an important coverage for you, too. Some view employer-sponsored group disability insurance as an ancillary benefit reserved for older individuals, when in fact, disability insurance should…
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…
This article originally appeared on the American Fidelity Blog. Understanding the differences between short- and long-term disability can be tough and knowing which coverage is right for you is not always easy. However, disability insurance is an essential part of a solid financial plan, so it’s important to understand your options. What is disability insurance? Disability…
By Fred Schott, Director of Operations, Council for Disability Awareness Editor’s Note: The CDA staff participated in a webinar hosted by the Smith Group on May 4th entitled: “Why Don’t More US Workers Have Access to Disability Insurance?” One of the key discussion points was the importance of placing short- and long-term disability insurance within the…
By Kevin Dolan Editor’s Note: It’s happened. You’re too injured or sick to work for the foreseeable future and you need to use your disability insurance. What do you do? Recognize that periods of disability are financially challenging situations More than one in four 20-year-olds becomes disabled before reaching retirement age.1 Sixty-one (61) percent of surveyed wage earners…
By Kristina Smith Editor’s Note: You insure your most valuable assets like your home, your car, and your life. Most people would agree that they’re worth protection; however, disability income (DI) insurance is something people tend to be less certain about. They’re not sure if they really need it, or if it’s worth the cost. So, the…
Duncan Stout Editor’s Note: Would you like to place a hefty bet against your most of your savings and financial security? Unfortunately, there’s a good chance you made the wager already. One of the largest financial gambles in America takes place every day for millions of working people. It’s a gamble that’s easy to overlook,…
