Articles Editor's Blog Reader Mail

Disability Insurance - Disability Income Insurance Plan Guide Annandale VA

Disability insurance is a specialized form of health insurance. Disability insurance protects you in the case of loss of income. If you lose your ability to work, either from temporary or permanent disability, a disability claim can be made.

Robin Wulff
7202 Arlington Blvd.
Falls Church, VA
Company
Title: Agent
Company: ABP Insurance Agency, Inc
Education
Washington State University - BA
Portland State University - MBA
Years Experience
Years Experience: 20
Service
Life Insurance,Health Care Insurance,Long-Term Health Care Planning,Disability Insurance,Annuities

Data Provided by:
Gordon Green
47218 Longwood Ct
Potomac Falls, VA
Education
University of Maryland College Park, MD Campus Bachelor of Science Degree
Years Experience
Years Experience: 15
Service
Annuities,Alternative Asset Class Planning,Commission-Only Financial Planning (Full Disclosure),Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Por

Data Provided by:
Anthem Virginia Blue Cross Blue Shield Insurance Quotes
(703) 637-9940
1400 Spring Hill
McLean, VA
 
Drs. Noguera & Russo, P.C.
(202) 861-0045
2021 K St., NW #522
Washington, DC
 
Cosmetic Dentistry of Washington
(202) 296-8777
1145 19th St., NW
Washington, DC
 
Martin Smith
4800 Hampden Lane
Bethesda, MD
Company
Title: President, Wealth Management Advisor
Company: KingdomTrust Capital Management, Inc.
Education
Howard University, Bachelor of Arts
Regent School of Divinity, Candidate: M.DIV
Denver College of Financial Planning
Years Experience
Years Experience: 15
Service
High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Wealth Management,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commi

Data Provided by:
Virginia Health Insurance
(703) 451-1519
8229 Kings Charter
Burke, VA
 
GlaxoSmithKline
(703) 684-3979
227 North Royal Street
Washington, DC
 
Sidney S. Markowitz, DDS, PC
(202) 833-8240
1145-19th Street, NW
Washington, DC
 
United Dental Corporation
(202) 861-0001
1629 K St., NW
Washington, DC
 
Data Provided by:

Disability Insurance - Disability Income Insurance Plan Guide

Provided By: 

Disability Insurance

Disability insurance is a specialized form of health insurance. Disability insurance protects you in the case of loss of income. If you lose your ability to work, either from temporary or permanent disability, a disability claim can be made.

While most people consider disability insurance a 'luxury' the fact of the matter is what would you do if you couldn't work for the rest of your life? How would you cope financially? Everyday we read of accidents or other mishaps which leave a person paralyzed or worse. Disability insurance is the insurance that would guarantee you an income in the case that you could not work.

Are you thinking that social security would cover you?
Think again. The benefit's are notoriously limited. And the majority of social security disability claims each year are turned down. Think disability insurance.

What about Workers Compensation?
Workers Compensation only kicks in if you are hurt on the job. Your chances of being hurt when you are playing weekend sports are higher than your chance of being hurt on the job. Think disability insurance.

You may get some money if you are hurt in a car accident, because of personal liability insurance . However, there are no guarantees and you could be waiting years for a lawsuit to be settled.

Let's think a less disastrous situation. Even if you aren't worried about a catastrophic accident or illness, what if you broke your leg in three places skiing and couldn't work because you were in traction? What if you tore a ligament, while playing on that weekend co-ed baseball team, and had to have surgery. You'd be out of commission for awhile. Disability insurance do not remove can also replace lost income on a temporary basis, while you heal from the hazards of being a "weekend warrior".

Even if you have medical coverage a long illness without earnings can be financially devastating. Statistics vary, but you have anywhere from a 1 in 5 to a 1 in 3 chance of having either an illness or accident which prevent you from working for 90 days or more; between the ages of 40 and 65. Your chance of dying in the same period is about 1 in 7. Some statistics claim that the average long term loss of your ability to work is 5 years. That's a long time.

This is why, if you are the sole breadwinner in your family, you should be considering disability insurance . If you get laid up or seriously injured your family's ability to cope financially would be jeopardized.

You ha...

Click here to read the rest of this article from Insurance Guide 101

About Us | Contact Us | Link to Us | Privacy Policy | Terms of Use | Insurance Resources | Sitemap