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Disability Insurance - Disability Income Insurance Plan Guide Salem OR

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.

Douglas Armstrong
255 Stewart Ave. Suite 101
Medford, OR
Company
Title: Investment Advisor
Company: Armstrong Wealth Management
Service
Pension for Highly Compensated Owners,Stock Market 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,Business Income Tax Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Medicaid,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),

Data Provided by:
Fred King, CFP
The H Group, Inc.
Portland, OR
Company
Company: Fee-Only Financial Planner ("No Commissions")
Type
Registered Investor: Yes
Education
Oregon State University
B.S., Business
Years Experience
Years Experience: 6
Service
Wealth Engineering,Income for Life/ Preserve Principal,Medicare Planning,Investment & Portfolio Management,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only Comprehensive Financial Planning,Portfolio Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,Alternative Investments,Retirement Planning,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Pl

Data Provided by:
Bill Moore & Associates
(541) 388-9888
869 NW Wall St, #204, Bend
La Pine, OR
 
Alliance Affordable Health Insurance
(503) 244-7880
10220 Sw Greenburg Rd
Portland, OR
 
La Pine Insurance Center
(541) 536-1718
51379 South Hwy. 97
La Pine, OR
 
Jeff Vass
510 SW 5th Ave
Portland, OR
Company
Title: LPL Financial Advisor
Company: Meridian Financial Group
Type
Investment Advisor Rep: Yes
Service
401k Rollover From Employer,CD Alternative,Disability Insurance,Annuities,Long-Term Health Care Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Stock Market Alternative,Alternative Investments,Life Insurance,Investment & Portfolio Management,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Health Care Insurance,Retirement Planning,Business Succession & Liquidation Planning,Retirement Income Dist

Data Provided by:
La Pine Community Health Center
(541) 536-3435
51600 Huntington Rd
La Pine, OR
 
Family Health Clinic of La Pine, Inc.
(541) 536-8012
16480 William Foss Rd
La Pine, OR
 
COUNTRY? Financial
(541) 536-0340
51530 Huntington Rd.
La Pine, OR
 
Cascade Insurance Center
(541) 382-7772
336 SW Cybre Dr #104, Bend
La Pine, OR
 
Data Provided by:

Disability Insurance - Disability Income Insurance Plan Guide

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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...

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