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Disability Insurance Needs for Single People Carson City NV

. There is a limit to the amount of coverage you can get; no plan will replace 100% of your income. Whatever level of coverage you pick, it should allow you to meet your normal financial obligations and should also take into account the resources you have.

Menicucci Insurance
(775) 333-0204
9425 Double R Blvd #F
Reno, NV
 
Jeffrey Goldman
450 Hillside Drive #A107
Mesquite , NV
Company
Title: Financial Consultant
Company: Jeff Goldman
Type
Investment Advisor Rep: Yes
Education
Rensselaer Polytechnic Institute/Bachelor of Science
Years Experience
Years Experience: 6
Service
Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Life Settlements,IRA, 401k, Roth IRA, QDRO Rollovers,Alternative Investments,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Fee Only Portfolio Managem

Data Provided by:
Corey Zimet
10620 So. Highlands Pkwy
LAs Vegas, NV
Company
Company: CBZ Retirement Solutions,LLC
Service
Asset Protection Strategies & Planning,Individual Income Tax Planning,High Yield Bank Accounts,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Health Care Insurance,Retirement Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Business Income Tax Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insurance,Annuities,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Pla

Data Provided by:
West Coast Healthcare
(702) 789-8096
7733 Twin Tails St
Las Vegas, NV
 
Dr. Dave L. Smith
(702) 871-1808
5320 W Sahara Ave Ste 4
Las Vegas, NV
 
Nevada's Health Insurance Specialist-Bob Howard
(775) 853-1991
18124 Wedge Parkway, Box 204
Reno, NV
 
Dale Ehrgott
890 Mill Street
Reno, NV
Company
Title: President/Broker
Company: Advanced Insurance Consulting
Years Experience
Years Experience: 20+
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Commission-Only Financial Planning (Full Disclosure),Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Disability Insurance,Annuities,Investment Consulting & Allocation Design,Business Succession & Liquidation Planning,Retirement Income Distribution Planning,Medicaid,Life Insurance,Long-Term Health Care Planning,Annuity Ideas & Strategy Planning,Estate Tax Planning,Asset Protection Strategies & Planning

Data Provided by:
Timothy Bock
1635 Villiage Center Circle 140
Las Vegas, NV
Company
Title: President
Company: Summit Portfolio Management
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
Arizona State University Five
Years Experience
Years Experience: 27
Service
Education Funding & Financial Aid Planning,Hourly Financial Planning Engagements,Captive Insurance,401k Rollover From Employer,CD Alternative,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Pension for Highly Compensated Owners,Income for Life/ Preserve Principal,Alternative Investments,Life Insurance,Alternative Asset Class Planning,Invest

Data Provided by:
American Family Insurance-Cedric Gay
(702) 658-7536
3030 W Ann Rd Ste 110
N Las Vegas, NV
 
Mont M. Ringer, D.D.S. M.S
(702) 876-6337
2625 S Rainbow Blvd Ste 106
Las Vegas, NV
 
Data Provided by:

Disability Insurance Needs for Single People

Provided By: 

Disability Insurance Needs of Single People

Even if you are single, don't overlook disability insurance. While some types of insurance, like life insurance, are less important for a single person with no dependents, disability insurance is likely even more important if you are single. Why? You have no other income to fall back on, but your own. If you suffer a loss of income, how will you pay your bills?

Here's an interesting statistic: in any given year, 1 out of every 8 people will suffer a disability of some kind from auto accident injuries to common back problems. Any of these challenges could put you off your feet if not working for an extended period. If this happens to you, a source of income would do a lot to reduce your stress, wouldnt it?

If you are working, you may have some level of disability insurance through your job. A lot of employers offer some kind of short-term disability insurance to pay you from a few days or weeks, to as much as a year. If you arent sure about your coverage, check with your human resources department or employee benefit's manual. If you do have a disability plan, and you arent enrolled, find out when you can get enrolled and how long the waiting period is.

If you don't have disability insurance through work, you should be looking at purchasing some yourself. While relatively expensive, it can be an advantage to buy this insurance yourself, because if you ever have to collect benefit's, they should be tax-free. With some careful shopping, you should be able to get a policy that fit's your needs and your budget. Always remember to shop around! Prices can vary considerably from one insurer to another.

With that in mind, what coverage do you need? Well, you should be planning to replace 50% to 70% of your current income. There is a limit to the amount of coverage you can get; no plan will replace 100% of your income. Whatever level of coverage you pick, it should allow you to meet your normal financial obligations and should also take into account the resources you have. For instance, if you have savings equivalent to 6 months of your salary, you can likely afford to take a lower level of coverage. If you don't have any savings, you should be looking at a benefit equalling 70% of your salary. Regardless of what level of coverage you pick, an emergency fund is a good idea to handle any unusual expenses associated with your time off work.

  • Claimant and physician coaching about return-to-work expectations
  • Employer education on disability issues
  • Identification of viable job alternatives, including light duty positions to allow employees to return to the workplace sooner
  • Job site modifications to accommodate disabled workers to also allow early return
  • Medical intervention to ensure the employee was receiving appropriate medical care, at all phases of treatment and recovery
  • Three-way coordination and communication between the employer, employee and physician
  • Vocationa...

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