http://discussion.protectyourincome.com Wed, 19 Nov 2008 20:11:22 +0000 http://backend.userland.com/rss092 en I speak with many prospective clients who consider self-insuring against disability (e.g. relying on savings, spousal income and/or credit). In every one of these cases, these individuals all make the following two mistakes: They minimize the degree of the risk (i.e. how likely it is that they will become ... http://discussion.protectyourincome.com/the-risks-of-self-insurance/ This is a question we hear quite often from our clients: Why do I need personal disability insurance? Won’t social security pay me disability benefits? Unfortunately, most who apply for benefits do not receive them. On average, 65% of people filing claims do not receive any. ... http://discussion.protectyourincome.com/what-about-social-security-disability-benefits/ With the recent turmoil in the financial markets, we have been seeing more and more questions about the importance of the strength of the insurance company. There are numerous factors involved in choosing a disability insurance company but the primary factor is financial strength: “Who is backing the claim ... http://discussion.protectyourincome.com/importance-of-financial-strength-in-a-disability-insurance-company/ The Disability Insurance Blog was created to present guidance on disability insurance in general, but with a special emphasis on professionals including physicians, resident physicians, dentists, attorneys and individuals with incomes of $100,000 or more. This blog is here to offer information and open discussions in regard to all issues ... http://discussion.protectyourincome.com/welcome-to-the-disability-insurance-blog/ BusinessWeek had an online article this week urging people to get disability insurance.  It touched on the no no of touching retirement accounts. As the article stated:  "Digging into retirement accounts before retiring is a big no-no. Americans should heed two methods to safeguard savings: set aside a liquid cushion and buy ... http://discussion.protectyourincome.com/protecting-your-income/ The best endorsements for disability insurance are the people who have collected claims and saved their financial lives.  An interesting survey was reported in U.S. Insurance News. Here are some of the interesting facts: Most claimants said they did not have any problems with the claims process, and of those who did, the ... http://discussion.protectyourincome.com/disability-insurance-claimants-pleased-with-policies-survey-shows/ The well known online and offline financial publication, Kiplinger's, today in an online article entitled, "Your Essential Emergency Kit" to make sure you have disability insurance. Here's a quote from the article:  "You'll also want disability insurance, just in case something happened to you that prevented you from working for a time. ... http://discussion.protectyourincome.com/disability-insurance-essential-kiplingers/ A recent Newsweek article quoted an "insurance planner" who doesn't buy disability insurance for himself.   Here's the quote:  "The chance that you'll ever be too disabled to earn a living is far less than you'll hear from your insurance salesman. Before you buy, think about your lifestyle. "If you could ... http://discussion.protectyourincome.com/dont-buy-disability-insurance/ There was an article on msnbc.com about Ed McMahon and the effect of injury and illness on one's financial health.  There were numerous points made but the key one was to "Obtain disability insurance. This should rank with life insurance as a secondary financial priority." Other points made included: Be rigorous in reviewing ... http://discussion.protectyourincome.com/dangers-of-no-disability-insurance/ The Dallas Morning News asks today:  "Do you have enough disability insurance to cover you if you can no longer earn a living? That ability is your greatest asset." We couldn't agree more. http://discussion.protectyourincome.com/dallas-morning-news-do-you-have-enough-disability-insurance-to-cover-you-if-you-can-no-longer-earn-a-living-that-ability-is-your-greatest-asset/