Long-term care insurance benefits cover the cost of care up to a monthly maximum amount. The maximum is either the daily cost of care or the monthly cost of care. The difference impacts the insured’s out of pocket expenses. Case in point: Cost of Care...
Reimbursement is the standard way Tax Qualified policies pay for qualified long term care expenses. Some reimbursement contracts also offer a Cash Benefit (indemnity) choice in advance of care as a monthly lump sum. Case in point: A Reimbursement policy will...
Agents – Want to educate your clients about the need for disability insurance? Frequent, consistent communication is key. Below is an article that you can copy and paste into your next client newsletter. The What, Why and How of Disability Insurance If you think you...
Last year, Microsoft bought LinkedIn for more than $26 billion. With more than 500 million users, LinkedIn’s reach for networking and job searches has no comparison. It’s a powerful tool for lead generation accounting for more than 80 percent of leads from social...
Specialization and high income have always made physicians a proven target market for individual disability insurance. However, these days, only one-third of physicians are in private practice. The remaining are employed by hospitals, urgent care facilities, retail...
The healthcare industry is booming. According to the U. S. Bureau of Labor Statistics, employment for physicians and surgeons is expected to increase by 13 percent between 2016 and 2026. This is much faster than the average expected growth of all occupations. All...
Most Americans do not have disability insurance in their employee benefit package, but those who do may have a false sense of security. When approached about disability insurance, many are quick to say: “I have disability insurance coverage at work.” This response is...
Disability insurance doesn’t have to be “TOO EXPENSIVE” for regular people. By carefully structuring the plan design, disability insurance can be surprisingly affordable. Below are some ideas to consider. 1: Vary the base plan Just like a higher auto or homeowner...
Like most entrepreneurs, your clients aren’t just running a business – they’re fulfilling a lifetime goal. But what would happen to those dreams if they became disabled? Would their business be able to continue without them? Who would pay their employees’ salaries?...
Household economics are not what they used to be and the changes are most evident in millennial households. Roles are changing and sources of income are shifting. Financial institutions, insurance companies, and investment firms are studying the impact and influence...
