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June 2014 Archives

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

California ranks 9th in long term care services, support

We have discussed on multiple occasions the importance of long-term care insurance. However, according to a study by "Spectrem's Millionaire Corner," only a minority of people -- even affluent ones -- purchase it. Among people with a net worth of $5 million to $25 million, only 37 percent have it. A quarter of this group said it was too expensive.

Long term disability stats can be an eye opener

Whether you live in California or in another part of the United States, buying long term care insurance is something you must consider at some point in your life. By taking a closer look at long term disability statistics, it becomes clear that many people before you have run into this type of issue.

Individual, group disability insurance important to most

Many of our California readers look at their home as their biggest asset, however, they are overlooking the fact that their health is more important. Without the ability to work, you are unable to earn the money necessary to support yourself and your family.

If you rely on your income, you need disability insurance

Many people think that long-term disability insurance is just one more needless expense. However, those who depend on their income to help support themselves and a family needs it. In fact, our ability to earn an income is probably our most valuable financial asset. Why wouldn't you protect that, just as you safeguard other assets like your home and autos?

Disability insurance helps you prepare for the unexpected

If you knew what the future held, it would be easy to purchase the appropriate type and amount of insurance. However, this is not how life works. You never know what the future holds, which is why you should consider the many types of insurance that can keep you safe in the event of a disability or accident.

Caring for a disabled spouse more stressful than for a parent

Many Americans choose not to get long-term care insurance because they assume that their spouse or other family member will take care of them if they become ill or disabled. A recent poll by The Associated Press-NORC Center for Public Affairs Research reflected that assumption by people in their 40s and older that family members will take care of them. Interestingly, while only 20 percent of people surveyed believe they will require long-term care, government statistics show that almost 70 percent of Americans 65 and over will require it.