For most us term life insurance is that one thing we know they need, but don’t want to talk about. We know we need it and invest in it, but often it is money we know will be paid out to our kids, spouses or grandchildren after we’re gone. That isn’t necessarily the case with…
“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…
“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.…
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…