Helping the disabled from coast to coast Get Your Free Case Review

DarrasLiving Blog

Your source for the latest health, disability and insurance news and tips.

What homeowners should know about 'use it and lose it'

What homeowners should know about 'use it and lose it'.png

Everyone knows the phrase "use it or lose it." Indeed, we've heard it applied to everything from flex spending accounts to credit card miles. Can the same be said, however, about the phrase "use it and lose it?"

While this swap of conjunctions might seem like a simple typo, this is far from the case. The exchange of "or" to "and" references a little known insurance practice that has created huge problems for many homeowners.

Make the proper diagnosis: Residents and their disability insurance needs

Individuals who receive their medical degree should feel extremely proud; a lifetime of tireless academic efforts has paid off. Indeed, the transition from student to physician can now begin in earnest with the start of a residency.

With long hours and low pay, the life of a medical resident is not glamorous. However, most will still cherish the opportunity to learn, earn a steady income and enjoy job-related benefits.

Why life insurance makes so many expecting parents very nervous

Why life insurance makes so many expecting parents so nervous.png

Earlier this week, we discussed why families should reconsider purchasing life insurance for stay-at-home parents. Specifically, how this investment safeguards working parents and children in the event of an untimely passing.

While life insurance is a necessity for this particular family dynamic, what about other households? For example, do the same arguments in favor of planning for the unimaginable apply to expecting parents?

Should more stay-at-home parents consider purchasing life insurance?

Should more stay-at-home parents consider purchasing life insurance_.png

The next time you get the chance, ask any stay-at-home parent about their daily duties. Chances are good they'll describe a routine that's far from leisurely and downright difficult. In addition to the children, there's transportation, cleaning and of course, meal preparation to consider.

In many households, the decision for one parent to stay home stems from familial choice. In others, however, it's a matter of simple economics. Indeed, a cost-benefit analysis reveals that sometimes it is actually less expensive to exit the workforce than pay for childcare.

Is long-term care part of your long-term financial plan? - II

Is long-term care part of your long-term financial plan_ - II.png

Last time, our blog discussed that many people are ambivalent about the prospect of long-term care. Specifically, the recent recession and the belief they'll be healthy forever makes it less of a priority.

We also discussed how this might prove to be a mistake. The U.S. Department of Health and Human Services has found that nearly 70 percent of individuals 65 and up will likely require long-term care.

Is long-term care part of your long-term financial plan?

Is long-term care part of your long-term financial plan_.png

The U.S. labor market has been showing sustained job growth and higher wages. Of course, this means increased consumer confidence. While this is good news, it hasn't resulted in much spending beyond basic living expenses.

Many consumers are wary of incurring additional costs having just weathered the recent recession. Moreover, some might discount dedicating any additional money toward long-term care expenditures.

Are smartphone 'pings' being used against policyholders?

Are smartphone 'pings' being used against policyholders_.png

Not that long ago, the two most important items to remember before leaving the house were your keys and your wallet. Today, that list includes the relevant, must-have, smartphone. 

Technology is important for everyday tasks from personal communications, to streamlining and accomplishing professional tasks. However, recent reports indicate that these ubiquitous devices are now playing an increasing -- and questionable -- role in the denial of insurance claims. 

Is it time for more millennials to 'like' life insurance?

Is it time for more millennials to 'like' life insurance_.png

If you graduated from college anytime over the last five to ten years, chances are good that once the excitement of earning your diploma wore off, things immediately turned chaotic. After all, there were decisions to make about everything from whether to attend graduate school and where to live to what type of job to take and, of course, how to pay off student loans.

Fast forward to the present and things are (hopefully) a lot less hectic. Indeed, if you're earning a good salary in a career you enjoy, in a location of your choosing, please take a moment to congratulate yourself on a job well done!