Statistically, about one out of every four workers will become disabled at some time during their lives. That makes a strong case for having disability insurance of some sort, whether it is provided by an employer, or through a private plan that you purchase directly from an insurance company. There are a number of considerations …
No only can your small business buy disability insurance, but it almost certainly must. As a small business owner, you are actually more at risk for a disability claim than salaried workers, so this coverage is absolutely necessary. How Disability Insurance Works in a Small Business Disability insurance policies work much the same way for …
For many employees, this question is thought to be a “no brainer”. After all, most of your other benefits are being handled through your employer, such as retirement and health insurance, why not disability? It’s also generally presumed that an employe plan will be less expensive than what you can get on your own. That …
This is a question that is not easily answered. In fact, it’s usually answered by asking a series of other questions. Here are five of the most important of those questions. 1. How Risky is Your Occupation? This question attempts to determine how likely you are to become disabled, and you need to file a …
In a word – absolutely! Most of us find it pretty easy to block out the possibility of ever becoming disabled to the point of not being able to work any more. That’s easy enough to do when you’re completely healthy. But like so many other disasters of life, a disabling injury or illness can …
You might be aware that term life insurance is more popular than whole life – in fact, it is much more popular. There are tangible reasons why this true, five of them actually. When you read them you will probably agree that term life insurance is the best type of policy for your life insurance …
The biggest concern that people generally have when it comes to buying term life insurance – as opposed to whole life insurance – is renewing the policy at the end of the term. This is a legitimate concern, but it actually has two parts to it: A Higher Premium – Because you will be older …
There are lots of myths floating around regarding life insurance. Some of them are out there only because they have been repeated so many times in the past that people believe them without doing any serious investigating. But others are myths because they may have been true at one time, but are no longer. Here …
Most parents automatically understand the need to have life insurance. At a minimum, you need to provide some sort of cash to enable your family to continue financially after your death. And that’s true whether you are an income earning parent, or one who shoulders most of the domestic responsibilities. But if you are a …
Having any chronic health condition such as lupus can cause a person to believe that getting life insurance coverage is impossible. But that’s hardly the case. You just have to know how to manage the condition, and to make sure you apply to life insurance companies that are most likely to approve your application. If …
Many people assume that any incidence of heart disease in any form means an automatic rejection on a life insurance policy application. Nothing could be farther from the truth, particularly with a condition such as congestive heart disease. If you follow the proper steps in managing your condition, you’re very likely to be approved for …
You might have heard the arguments in favor of term life insurance over other types of life insurance, such as whole life. But it’s never a bad idea to review the reasons why term is the way to go, that way you aren’t ever tempted to buy another type of coverage by a persuasive sales …
Multiple sclerosis is a serious health condition, and from a life insurance perspective, it can cause complications. Still, it is possible to get life insurance coverage even if you have the disease. It’s mostly a matter of understanding your condition, how life insurance companies view it, and what you need to do to get the …
It is possible to get life insurance with osteoporosis. You have to do your best to manage the condition properly, as well as work with the right life insurance company. What Is Osteoporosis? Osteoporosis is actually a fairly common disease. It is a progressive disease that reduces bone mass and density. This eventually leads to …
Is it possible to get affordable life insurance when you have chronic bronchitis? Generally speaking, the answer is yes. However there are variables surrounding chronic bronchitis that can affect the premium rates that you will pay for a life insurance policy. If the condition is particularly severe, it’s even possible that you may only qualify …
Arthritis is a common health condition that often will not affect your life insurance application, except under extreme circumstances. Still, it’s good to know little bit about how arthritis relates to life insurance. What Is Arthritis? Arthritis refers to joint inflammation, and when it becomes chronic, it interferes with normal functioning. Inflammation is actually a …
It’s easy to assume that anxiety disorder would not be an issue when it comes to getting life insurance. After all, it’s generally not viewed as a physical disorder, so it’s easy to see why life insurance companies would not consider it to be a significant criteria. But actually, it can be – particularly if the disorder …
With many products and services it’s possible to save money when you “buy direct”. That’s when you cut out the middleman, and buy direct from the company that is providing the product or service. This can work well with many purchases, but there are some that can backfire on you. Life insurance is one example. …
Applying for life insurance is one of those events like going to the dentist or filing your income tax return – you know you need to do it, but just don’t feel like doing it today. But just as is the case with going to the dentist and filing your income tax return, delays can …
Obesity is one of the most difficult challenges to overcome when it comes to life insurance. This is because the life insurance industry views it as one of the most serious health conditions. If you are currently classified as obese and want to purchase a life insurance policy, there will be some obstacles. It’s important …
Unless you work in life insurance industry, you probably can’t even understand the logic of this question. After all, what do a person’s travel habits have anything to do in the slightest with a life insurance application? Actually, depending on where it is you travel to, the effects can be substantial. It’s All About the …
Crohn’s disease affects about one out of every 300 people in the United States. That means that there are more than 1 million people who have the condition. Can you get life insurance with Crohn’s disease? In most cases, the answer is yes, but there are a few things you should know if you plan …
One of the biggest mistakes that many new homeowners make is taking a mortgage life insurance policy. It’s not that it’s a bad idea in theory, it’s just that there are better ways to provide insurance for your family, including an allowance for paying off your mortgage. In most cases, this can be better accomplished …
Just in case you thought that the state of your health is all that life insurance companies are concerned with, let’s spend some time talking about your driving record. They’re interested in that as well – in fact, they’re very interested in it. Your driving record is up there with your occupation and your hobbies …