|
|
Insurance Information |
|
|
 |
A Few Things Everyone Should Know About Disability
Did you know? One year of disability can wipe out 10 year's worth of savings. Other interesting things to know about disability: - 7 out of 10 people between the ages of 35 and 65 become disabled for three months or longer. - The average length of disability lasting longer than 90-days is 36 Months. - Most American families have only enough money in savings to cover two months worth of bills. - In 2000, wage and productivity losses from unintential injuries was $259.8 billion (Statistical Abstract of the US: 2002) - The maximum Social Security disability payment for 30-yr old earning $70,000 per year is just $1600 per month. - To be eligible for Social Security disability, your disability must last at least 12 months. - Social Security Disability will only pay an approved claim after a minimum of 5 months have passed. So if you suddenly become disabled... how would you pay your bills? What is disability? The Random House Webster's Dictionary of American English defines disability as: "Lack of adequate strength or ability; incapacity; a physical or mental handicap; anything that disables or puts one at a disadvantage" The Social Security Administration defines disability this way: "The inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or has lasted or can be expected to last for a continuous period of not less than 12 months." Emphasis Added Simply put: Disability generally means that you are unable to work. And Social Security Disability means you are unable to work at anything. Disability can happen at any time, to anyone - regardless of race, religion, gender or profession. Sometimes people become disabled dur to injuries received in a car accident. And sometimes it's a simple matter of getting hurt while participating in sports, or improving your home in your off hours. A very common injury that can cause you to become unable to work, is a back injury. And back injuries can happen simply by moving furniture, working in a garden, or fixing a leak in your roof. Other people become unable to work due to an illness or the onset of a disease: Like diabetes, stroke, or heart attack. And even pregnancy can cause some females to become unable to work: If the pregnancy develops other complications that require the woman to stay in bed, she is unable to work. This Can Happen to You Too. Unfortunately, people often assume that just because they're healthy, they can't become disabled. And that's simply not true. Accidents happen. So being healthy doesn't usually have anything to do with whether you become disabled. Let's look at some undeniable facts: - In 2000, wage and productivity losses from unintentional injuries was $259.8 billion (Statistical Abstract of the US: 2002) - In 1999: 338,000 people were injured in a fall - In 1999: 141,000 people were injured due to overexertion - In 1999: 338,000 people experienced sprains and strains And just a few of the ways these injuries happened included: - Hand and power saws - Hammers - Kitchen flatware - Beds - Tables - Ladders - Rugs and Carpets - Footwear - Bicycles - Swimming Pools If you'd like to know more about disability and various ways you can protect yourself and your family, read the rest of this report online. © 2004, Kathy Burns-Millyard. This article is provided courtesy of Electronic Perceptions Marketing - You may freely reprint this article on your website or in your newsletter provided this courtesy notice and the author name and URL remain intact.
MORE RESOURCES:
Insurance - Google News |
|
|
|
RELATED ARTICLES
Life Insurance Beneficiaries Naming a beneficiary for your life insurance policy can be a difficult decision to make, not to mention a tricky procedure. A person needs to research the different types of beneficiaries and the different ways to go. 5 Strategies To Reduce Your Car Insurance Premiums Your latest car insurance bill has arrived and it is not a pretty site. In fact, it is downright ugly! What can you do? Must you remain hostage to the ever spiraling rate increases foisted upon you when your policy renews? In a word, no. Insurance Glossary of Terms Assured - Those insured under the terms of an insurance policy.Benefit - The money paid to the policyholder when a claim is made. Why Does Health Insurance Cost So Much? Why does health insurance cost so much? Year after year, many of the articles that appear in print detail the specific factors driving the cost of healthcare.These factors include: general inflation, advances in drugs and other medical devices, rising hospital and doctor expenses, government mandates, increased consumer demand, litigation, fraud, and cost shifting. Insurance or Assurance - Do You Need Reassurance? Insurance versus assurance: what is the difference?Should you care?Yes!!The world of finance is extremely complicated and there are many factors to consider when choosing any financial protection product.When looking for a policy you need to know what you are looking for and what is on offer in order that you get the right cover for your needs. Health and Dental Insurance Quotes - Applying Online Since 2001, large health and dental insurance companies such as BlueCross and GE Financial have offered health insurance online. As a result, individuals and small business owners have more options when purchasing insurance. Life Insurance Whole Life or Term Life - Find Affordable Life Insurance Life insurance, whether you need term or whole life, can be a major expense. We all know the importance of having adequate life insurance. How To Negotiate A Settlement With An Insurance Claims Adjuster You and I. M. Alternate Risk Transfer (ART) - Insurance Strategies Risk ManagementAlternate Risk Transfer is a fancy way of saying alternate methods of insurance and risk management, of which there are many. From the most basic alternative of going without insurance (self-insuring) to so-called "program business captives", there are a wide variety of strategies from which to choose. Why Dont Insurance Companies Reward Us for Being Healthy? Insurance is always a gamble, a bet actually.You are betting that you'll eventually get sick or hurt. Term Life - Who Needs It? If you've read any of the books or articles by popular personal finance gurus you've probably heard of the affordable life insurance alternative called Term life. Term life insurance Quotations are recommended by many popular personal finance gurus and can be a good choice for:· Young families or those on a limited budget, yet still need a large amount of life insurance. Life Insurance Careers Do you like to spend all day being sitting around? Fixed income is good enough for you? Do you feel economic stability is not a priority right now?Well, if your answer to any of above questions is "Yes", you should accept the fact youhave a very high chance of being unsuccessful.But if, in the other hand, you are proactive, if you need to build a future for your family and yourself, establishing financial stability with a job that takes advantage of all your skills, then you should strongly consider a career in the life insurance world. Internet Insurance Leads It is a fact that more and more people everyday use the Internet to get insurance coverage. The number of online customers is massive compared to "traditional" business, and it is increasing day after day. The Surety Bond Domino Effect I have written many articles about the hard surety bond market. To my surprise many want to know more details as to how we got to where we are at. Term Life Insurance on Your Business Partner Life insurance is something we often take out to protect our family and our loved ones, but that's only one example of how life insurance can save us in unhappy circumstances. Businesses also need protection and those with partners realize that if a business partner were to pass away, the business itself could be jeopardized. Underwriting Life Insurance For Diabetics and Diabetic Life Insurance Information Life Insurance Companies differ in their "underwriting philosophy" when it comes to diabetes. Offering life insurance for diabetics can be risky if the underwriters are not fully trained. Should I Buy Rental Car Insurance? Rental car agencies have a menu of insurance policies they would like to sell you. While each policy could be of some benefit under the right circumstances, you should review each plan (its provisions, limitations, and exclusions) before making a purchase. Motor Insurance with Pass Plus Is pass plus really worth it? What motor insurance discounts are available to people who have passed the course? Is it easy?In the UK, pass plus is run by the driving standards agency who administer the course. Pass plus was set up by the DSA in conjunction with isnurance companies who wanted to reward young drivers who took a responsible attitude towards tehir safety on the road. Inexpensive Life Insurance To Protect What You've Earned Adequate life insurance to cover your income producing ability is a product that is really needed today to give peace of mind. Life insurance was originally conceived to protect a man's family when his death left them without income. Risk Retention Groups RRG In response to a hard insurance market in the mid 1908's, Congress passed the Liability Risk Retention Act of 1986. The legislation was intended to simplify the regulatory process for affinity groups such as doctors, real estate developers etc, who wanted to find an alternative to the and unavailability high cost of certain types of insurance coverage.
|
| Cheap Insurance | Car Insurance Glossary | Zurich Insurance | Cheap Car Insurance | Car Insurance Quotes | Classic Car Insurance | Articles | Insurance | site map |
| © 2007 www.thecheapinsurance.co.uk - Cheap Car, Auto and Home Insurance |
