Anyone eligible to receive long-term disability insurance under an employer-sponsored plan or private insurance should know about “offsets,” the reductions in your benefits that can happen if you get other sources of income. Offsets are provisions in the policy that give your insurer broad permission to deduct other benefits that you are eligible to receive […]

The motivations for pursuing a law degree and, by extension, a law license are truly varied. For some, the desire is to see justice served, for others it’s giving a voice to the voiceless. Still others, however, are motivated by the promise of a reliable income. Whatever their inspiration, statistics show that entering the legal […]

Individuals in their 50s and 60s who are close to retirement feel both excitement and trepidation. The former relates to leaving the workforce, while the latter relates to longevity of assets. People have rightful concerns about health care expenses rapidly consuming their retirement savings. Is long-term care (LTC) insurance the answer? Experts aren’t always sold […]

Many hardworking professionals purchase disability insurance to safeguard against an illness or injury that renders them unable to work for an extended period of time and the financial uncertainty that follows. However, many policyholders do not revisit their coverage after they become insured, even as their income grows and circumstances change. Since disability insurance covers […]

On behalf of DarrasLaw posted in Long-Term Care Insurance on Friday, June 23, 2017. We’ve explored why insurers are reluctant to pay claims and the questionable tactics they use to justify denials. Our intent was to embolden policyholders, but it’s possible that you now have some uncertainty about your coverage. It’s important to remember that not […]

Care costs for the elderly are steadily increasing. Long-term care expenses not only includes medical outlays, but also the cost of living. While Medicare can be relied upon for some healthcare payments, there is no such guarantee in getting imbursements to cover living expenses. Incorporating long-term care insurance into retirement planning is a wise decision. Coverage can […]

Planning for retirement requires more than sound investment strategies. Retirement accounts must be augmented by Medicare, life insurance, and long-term care insurance. The latter item can sometimes present difficulties due to the rising cost of nursing homes, assisted living facilities, and in-home care. Expenses incurred by long term care requirements have made many insurers reluctant […]

Last week we began discussing how anyone needing surgery shouldn’t overlook their short-term disability policy. It can provide much-need support should a procedure sideline someone for weeks or months. We also discussed that this financial lifeline isn’t a guarantee. Short-term disability policies won’t cover surgical recovery unless certain requirements are met. Elimination period Private short-term […]

Getting disability insurance is important in any profession. If you are unable to do your job due to a disabling illness or injury, or in some cases any type of work at all, the language in your insurance policy can mean everything. You need a way to carry on and maintain the lifestyle you have […]