Is Long-Term Disability Insurance Taxable? What Policyholders Need to Know
Nothing is certain except death and taxes, but what about disability and taxes? More to the point: is long-term disability insurance taxable? The answer is … it depends. Whether you need to pay taxes on disability insurance benefits depends on how you paid for premiums. The right strategy can minimize your tax burden and boost […]
Disability Insurance for Doctors: Why Small Medical Practices Need Business Overhead Expense Insurance
The physician-owned practice is alive and well. Despite the recent growth of larger medical practices, many doctors still work in small practices that they own by themselves or with physician partners. These doctors are also business owners, so they have additional insurance needs. When looking at disability insurance for doctors, don’t forget about the need […]
What Is Own-Occupation Disability Insurance?
If you’re comparing disability insurance policies, you’ll noticed they have different definitions of disability. This is a big deal. If you ever have to file a disability claim, the definition of disability can determine whether you qualify for monthly disability benefits. But what is own-occupation disability insurance? Own-Occupation and Any-Occupation Disability Insurance An any-occupation disability […]
9 Reasons to Add Multi-Life Disability Insurance to Your Practice
Insurance sales agents have a rewarding job. They help others obtain the coverage they need while also earning a good living. When you throw multi-life disability insurance sales into the mix, the rewards multiply. A multi-life disability insurance discount is available when groups from the same employer purchase disability insurance. The discount can be significant. […]
Include DI in Your Annual Financial Review Checklist
Financial health is never static. Because needs and situations change, an annual financial review is a critical tool that helps individuals keep on track with their financial goals. Unfortunately, some reviews leave out the most important component: income protection. Include disability insurance in your annual financial review checklist to make sure you’re not leaving your […]
Income Protection for Dentists
Dentists have invested a great deal of time and money into building their earning power and their practices. Many dentists don’t realize there are multiple tools available to protect their income and earning power. Since many dentists are also business owners, solid income protection often requires more than one type of disability insurance policy. Dentists […]
Buying a Disability Insurance Policy? Check These 8 Features First
Agents: Share This Article with Your Clients! Buying a disability insurance policy is a smart way to protect your paycheck. It’s also an investment. Just like you wouldn’t buy a car without thinking about all the features you absolutely need and the features you would like to have, you shouldn’t buy a disability income insurance […]
Protect Your Disability Insurance Clients with a Retirement Protection Rider
The United States may be facing a retirement crisis. Many workers are counting on the fact they will be able to keep working and earning, but a disability can make this impossible. Insurance agents can provide their clients with protection by offering a disability insurance retirement protection rider or plan. Forced Into Early Retirement For […]
Comparing Benefits in Disability Insurance Plans
Are all disability insurance plans the same? Not at all. Multiple disability insurance companies are competing for your business, and they offer a wide range of terms and benefits. This can make comparing benefit options a major task, but overall, it’s a good thing because it means you can find the right disability coverage to […]
I Want to Sell Insurance: How to Get Started
“I want to sell insurance, but I don’t know how to get started.” This is something that insurance agents hear, and it’s easy to see why. Selling insurance is a great career! If you think it might be the right choice for you, don’t just wonder if you could really make it work. Keep reading […]