Recently in the Sacramento Bee there was mention of the California Insurance Commissioner’s foray into “reforming” auto insurance in California. There’s also mention of what he has done to disability insurance: Here’s an excerpt from the Sacramento Bee of January 22, 2006: “Insurance Commissioner John Garamendi’s attempt to reform the auto insurance industry is going to have the same effect as his bungled forays into disability insurance and health insurance - higher rates, less coverage and an exodus of carriers from the state. . . .” There are disability insurance companies that have a high quality way of constructing their policies and taking care of their policyholders. An integral part of what we do for you is to show you which disability insurance companies and policies do that and how and why.

There’s an article on Business Week Online entitled “Insurance Plans You Can Avoid” which covers several types of insurance to avoid. I commented on The Life Insurance Blog regarding the life insurance issues and here are some comments about some of the points made that bridge over to the disability insurance arena. Regarding, Credit Disability Insurance, the article states: “. . . . . . .Credit insurance is a rip off . . . . .” There’s some truth here. It is very highly priced and the definitions of disability are certainly not as favorable as one can get by getting an individual disability insurance policy. As with most add-on type insurance, if you can you’re better off getting the highest quality personally owned policy you can get. As far as cancer insurance or single purpose policies. The article is correct that one should have health insurance that covers any illness or accident. From the article: “It’s generally not a good idea to purchase single-purpose insurance. “.. . . . Cancer policies are “really preying on the fears of people. . . . .” As this relates to disability insurance, simply stated, you need to insure against loss of income for any cause. As discussed in detail in this bog and on the disability insurance site, try to get the best disability insurance policy you can get that has the most liberal definitions in your favor.