Most people plan to work until they can reasonably retire; then having saved a nice pension enjoy the fruits of their labors. No one plans to have to retire early because of a disability. In reality, 43 percent of people on long-term disability are injured or become ill without ever reaching retirement age. Most often…
Recently here, I mentioned a man who didn’t find out he was diabetic until he lost his foot to the disease. So often we are not prepared for the unexpected. Accidents, critical or chronic illnesses that leave people unable to provide for themselves or their families as they had in the past. There are solutions…
A Return of premium policy rider on a term life insurance policy allows for part or all of the premiums paid to be refunded at the end of the term of the policy. If you’re still living at the end of the policy, it seems like a good idea to be able to reinvest the…
As I drive the freeways of Michigan, the signs posted above are already letting me know the death toll for accidents this year alone is beginning to climb. It is a sign that life is short and very unpredictable. It is early March and already the average is over 50 people a month. What I…
In the last few weeks I heard of two very young men who left behind their families very suddenly; one of whom I knew personally. One day they were watching their children compete in sporting events and the next they were gone. The circumstances in both instances were similar enough, I thought they were the same people,…
Most people know about life insurance, and we all have to have health insurance, car insurance, home owners or renters insurance and all of that, but what about insuring your income? Many people don’t consider insuring income for those times when they have to take time off work because of an illness or injury and the sick or personal…
“I already have a term life insurance policy through work that will pay triple my salary if anything happens to me. I really don’t need anymore than that, right?” The simple answer is, you only need that term insurance policy if you don’t plan to outlive your employment. That policy only covers you for the…
“We’re a small company with only a handful of employees. We can’t afford to provide them benefits, but we’d like to offer them something. What can we do?” At Work Advantage is perfect for situations like yours. There is no cost to you as the employer, but the Voluntary Benefits provide a portfolio of insurances…
“Oh, but if we don’t talk about final expenses now, the kids could be strapped with bills later that will make their grief seem like a cake walk. We’d better talk about leaving something behind besides a mountain of debt.” The truth is many people are reluctant to talk about how much it will cost…
“I’m trying to decide whether to purchase Term Life or Whole Life and can’t make up my mind. What is the biggest difference?” The biggest difference is that a Whole Life policy actually earns you money over the life of the policy. Term Life won’t. When my parents had me and my siblings purchase Whole…