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Disability Income Insurance Can Protect Your Family

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Your paycheck is very important! Your family depends on it in order to pay bills, buy groceries, and have a comfortable life. If you, or your spouse, suddenly became unable to work, how would your family survive? One thing that can help is disability income insurance coverage. Did you know that May is Disability Insurance Awareness Month? Now is a good time to learn more about a type of insurance that many people know very little about. There are two types of disability insurance. One comes from the federal government, and the other is something that you can purchase through … Continue reading →

Potential Changes to Disability Access Law in California

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In California, there is a piece of legislation being introduced that could result in changes to how businesses comply with the state’s disabilities law. It would give businesses more time to correct violations to the disabilities law before a lawsuit can be filed. It is believed that these changes will reduce the number of what have been called “frivolous lawsuits”. California, like many other states, has laws in place that are designed to make stores, offices, malls, and other public places, more accessible for people who have certain types of physical disabilities. For example, all of the aisles in grocery … Continue reading →

Lack of Health Insurance Prevents Man From Getting Transplant

A man in Tennessee needs a liver transplant. Unfortunately, he has been prevented from getting on the transplant list because he does not have health insurance. This pushes him, and his family, into an extremely expensive situation. Right now, many Americans are unable to afford health insurance. Employer sponsored health insurance has started to disappear. The health care reform laws have helped some groups find health insurance that were unable to find coverage previous to those laws. For example, young adults who are under the age of 26 can be covered through their parent’s health insurance plans. There are many … Continue reading →

The Controversy Behind Social Security Disability Insurance

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The federal government has a program called Social Security Disability Insurance. It is designed to be used by people who are unable to work due to a mental or physical health issue. There are judges who are supposed to evaluate each individual case, and determine who is eligible. It seems that one of the judges has an extremely high rate of approval. An investigation has been started. Earlier this week, the Wall Street Journal published a front page article that pointed out the very high award rate of one of the administrative judges whose job it is to evaluate applications … Continue reading →

May is Disability Insurance Awareness Month

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When people think about getting insurance, they usually think of auto insurance, health insurance, and life insurance. Disability insurance is often overlooked. How much do you really know about disability insurance? May is the perfect month to learn more about this kind of insurance policy. There are two different types of disability insurance. The federal government has a program that provides financial assistance to people who are disabled. Another name for it is Social Security Disability Insurance benefits. You cannot purchase this type of disability insurance. Instead, you must apply for it. You will be asked several questions about your … Continue reading →

Insurance Terms: S

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U-V | W-Z Salvage Refers to damaged property an insurance company takes in order to reduce losses after paying an insured for a claim. Insurance companies take salvage rights over property considered to be a total loss. For example a totaled auto would become salvage property of the insurance company. The insured may pay a salvage charge in order to … Continue reading →

Insurance Terms: L

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Lapse is the termination of an insurance policy because of nonpayment of the renewal premium by the end of the grace period. Law Of Large Numbers is the basis of the Business of Insurance. The theory of probability based on the premise that the larger the group of units or items that are insured, for example Dodge Minivans, the more Minivans … Continue reading →

Insurance Terms: I

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Income Protection Insurance is a type of disability income coverage providing an income benefit both, during the time the insured policyholder is totally disabled and unable to work. But also offers coverage when an insured policyholder is able to work, but due to a disability the policyholders earning are less than then before the disability. This is also called residual disability … Continue reading →

Insurance Terms: H

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Hacker Insurance believe it or not this area is a major concern for business engaged in electronic commerce and or stores sensitive information. Hacker insurance is insurance that protects businesses from losses caused by hackers. Hard Market is a term that refers to a seller’s market when insurance is more expensive and is more difficult to obtain. A hard market is … Continue reading →

Insurance Terms: D

A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Death Benefit with a life insurance policy the death benefit is the limit or amount of insurance payments that will be made to the beneficiary when the insured person dies. Death benefits for annuity contracts are the limit or amount of payments made to a beneficiary if the annuity contract holder passes about prior to the annuity payments starting. Declaration is … Continue reading →