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Many people have money taken out of their checks every pay period for long-term disability insurance benefits. It is a way of ensuring that those you love will be taken care of should you become injured and unable to provide for them. It is insurance that you will be able to pay your mortgage even if you become too sick to work. Unfortunately, these best-laid plans are often thwarted when the insurance company denies your […]

When a person develops a debilitating disease or suffers some sort of incapacitating injury, it can be devastating on multiple levels. For instance, they may no longer be able to enjoy their favorite hobbies, engage in as many family activities or even continue working in their chosen profession.

It may not be noted in your Outlook calendar, but May is Disability Insurance Awareness Month. Not exactly a Hallmark occasion, the program was sponsored by Life Happens, a nonprofit organization of insurance industry professionals that, according to its website, strives “to inspire the public to take personal financial responsibility through the ownership of life insurance and related products.”

Taking care of your health is a critical part of life. This is why the federal government has passed certain laws to protect the health and health care rights of American workers. Unfortunately, not all companies abide by these laws and regulations.

We are not quite finished with our discussion of long-term disability insurance.

As we said in our last post, long-term disability insurance is wage replacement insurance. Health insurance, auto insurance, life insurance, property insurance — they reimburse insureds for the expense or a portion of the expense of a covered event. Long-term and short-term disability insurance kick in when a covered event affects the insured’s earning power.

It may be more accurate to call both short-term and long-term disability insurance “wage replacement insurance.” Let’s back up a little before we get into that.

Many long-term-care insurance policies do pay out. However, according to attorneys and consumer advocates there are a number of circumstances when individuals will spend a substantial amount of time trying to collect upon these policies.

Most Americans are aware of the importance of homeowner’s insurance, health insurance, car insurance, and life insurance, but when it comes to disability insurance there seems to be a bit more of a disconnect. There are a variety of reasons for this, but the bottom line is that not enough Americans have the coverage they need if they end up becoming disabled.

Last week the community of Newtown, Connecticut, solemnly commemorated the anniversary of the mass shooting at Sandy Hook Elementary School. Florida residents were just as shaken as the rest of the country by the events that unfolded that day, one that will probably never leave the hearts and minds of the people directly affected by the tragedy.