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: 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…
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…
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…
When most people consider disability, they picture something catastrophic happening—an injury on the ski slope, or a speeding car hurtling into theirs—and, for the most part assume it can never happen to them. That’s why human resources experts often find it challenging to convince their employees of the importance of disability insurance even though you…
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,…
