8 years ago ·
by Alston ·
Comments Off on Long Term Disability Insurance for the Self Employed
If you are self employed, chances are your insurance benefits come from policies that you have selected and purchased on your own. You have to make your own decisions about medical insurance, dental insurance and disability insurance.
There is also a good chance that you haven’t given much thought to disability insurance. There are few TV commercials about this important line of insurance. Few people even know that it exists outside of an employer-sponsored plan.
There are few more important types of insurance than disability insurance. These policies can pay you an income for decades if you become injured or sick and are no longer able to work. Having an income while disabled can have a tremendous impact on your life. It can be the difference between living in your current home and living in government-sponsored housing.
If you are reasonably healthy and are under age 65, you probably qualify for a disability insurance policy.
Most people will find these policies to be affordable. Long-term disability insurance rates often surprise people when they get quotes.
Don’t make the mistake that many self-employed people make. Yes, medical insurance is important, but you need to have disability insurance and a retirement plan also. Make sure that you don’t miss the boat and forget about disability insurance. Having good coverage in this area can make a big difference in where you life and the way you live.
8 years ago ·
by Alston ·
Comments Off on Disability Insurance is Important Too
Disability Insurance is one of the least thought about but most important types of insurance. Few types of insurance are as important.
Even when compared to life insurance, disability insurance may be more important. Why? If you die prematurely, your family will no longer have to feed you. They won’t have to clothe or house you.
If you become permanently disabled during your working years, not only will the burden of providing for the rest of your family be on someone else’s shoulders, but so will the cost of providing for you. A disability insurance policy can protect you financially.
Many of us get disability coverage from our employers. However, those who work for themselves have to depend on themselves to think about and pay for this coverage.
Only a small percentage of self employed men and women have this important protection. For this reason, disability insurance for self employed people is something that should be talked about a lot more than it is.
Not being able to get a job because of a permanent injury or sickness can hurt you more than not being able to get a job due to a poor economy. Poor economies often become a healthy ones, but our bodies my not rebound from every illness or injury.
9 years ago ·
by Alston ·
Comments Off on Insurance Company with Disability Plans
Finding an insurance company with disability plans to review and compare can make a huge difference in your life. Income replacement or disability insurance plans are often overlooked, but are vital to a good financial plan.
You are much more likely to be disabled than to die during your working years. A permanent disability can wipe out your savings and from a financial standpoint be more devastating to your family than a premature death.
When you are disabled, will still need to be fed, clothed and housed. All of these cost money and can be a big drain on your finances if you do not have any money coming in.
A disability insurance policy can keep money flowing into your home. It can keep you in your home. It can keep the lights and the heat on. Disability insurance payments can even give you the money to be retrained so that you can go back to work.