My insurance didn’t cover everything

That’s the problem with most insurance programs. They don’t cover everything. With employee sponsored health insurance programs, there are either high deductibles and lower co-pays, or lower deductibles with higher co-pays. There are often few or no options for employer sponsored critical illness, accident or long term disability; and what if you are hospitalized? The…

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Why is a Return of Premium policy a good idea?

“I thought if I bought a Term Life policy, only my beneficiaries would receive the benefits.” What if you’d been paying into your life insurance policy for 20 years or more and suddenly became ill and unable to work? You’ve paid premiums into the thousands or even hundreds of thousands of dollars, and yet, you…

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Why do I need Disability Income Protection?

“I thought if I became disabled, Social Security Disability would help me. Why do I need separate Disability Income Insurance?” First, the guidelines for Social Security Disability are pretty strict. You must be unable to do the work you previously did, as well as be unable to adapt to another job in  order to qualify.…

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Disability Insurance? Is that new?

Disability Insurance isn’t new. As an insurance product it evolved out of accident coverage back in the late 1800s. Although the idea of replacing lost income due to accidents and injuries was a good one, the subjective nature of the term “disability” and the ease with which the policies could be abused caused the insurers…

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Why should everyone have Critical Illness Insurance?

I take good care of myself, eat right and don’t have a family history of catastrophic illness, do I really need Critical Illness Insurance? The simple answer is, everybody needs Critical Illness coverage. No one is immune to a catastrophic illness. Famed runner Jim Fixx didn’t even know he had coronary artery disease before he…

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Why haven’t I heard of this before?

I’ve had life insurance since I was 17, health insurance coverage most of my adult life, car insurance, home-owners, renters and even postal insurance, but I’d never heard of Critical Illness coverage until recently. So I did some digging. It is fairly new in the U.S. and the growth in the insurance industry is still…

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Why is income protection important?

We’ve all thought and said the same thing – “It will never happen to me,” when someone we know gets the news they’ve been diagnosed with a catastrophic illness. We offer prayers and help, sincerely, but what else can we do? In reality we can protect ourselves because it can happen to anyone. A few…

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What if I can’t afford my own insurance?

“During 2013 my COBRA Healthcare Plan was manageable, but January 1st my premiums triple and the deductible/co-pays are exorbitant. I am still unemployed and don’t know what to do. What are my options?” There are a number of changes coming in 2014, including changes to the levels at which the Federal Government is funding Medicaid.…

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