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Disability Insurance Needs for Single People Leland NC

. 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.

Coastal Hearing Solutions
(910) 799-4327
2316 S. 17th Suite 160
Wilmington, NC
 
Schnitzer-Slate Insurance Agency
(910) 392-7020
5725 Oleander Dr # G3
Wimlington, NC
 
Blue Cross Blue Shield NC, New Hanover Farm Bureau
(910) 297-7592
1303 Independence Blvd
Wilmington, NC
 
LifeStyle Financial Resoures, LLC
(910) 620-5873
PO Box 7096
Wilmington, NC
 
Navistar Group - Individual & Family Health Insurance Specialists
(910) 262-5194
Serving Wilmington Carolina Beach and Surrounding Area
wilmington, NC
 
Pinnacle Benefits Group of NC Inc.
910-256-2222 x 100
PO Box 1424
Wrightsville Beach, NC
 
Davis Insurance Group
(910) 392-5173
2002 Eastwood Rd. Suite 302
Wilmington, NC
 
Affordable Health Insurance
(910) 617-3636
4608 Cedar Ave Suite 107
Wilmington, NC
 
SJ Davis & Associates
(910) 392-5173
2002 Eastwood Rd
Wilmington, NC
 
Wilmington Insurance Quotes.com
(910) 228-8352
5611 Wood Duck Circle
Wilmington, NC
 

Disability Insurance Needs for Single People

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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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