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Disability Insurance Policy Options Ankeny IA

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more.

Bill Elson
3705 Grand Avenue
Des Moines, IA
Company
Company: Spectrum Financial Services
Service
Hourly Financial Planning Engagements,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning

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Personal
001-785-395-5516
1541,International Court
Manhattan, KS
 
Craig Adamson
1000 Lindale Drive
Marion, IA
Company
Title: President
Company: Adamson Financial Planning
Type
Investment Advisor Rep: Yes
Education
BS Iowa State University 1996
Years Experience
Years Experience: 14
Service
Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,401k Rollover From Employer,Income for Life/ Preserve Principal,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Plan

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HealthSource of Cedar Rapids
(319) 540-8065
206 Collins Road NE, Ste 102
Cedar Rapids, IA
 
Johnson Insurance Sales Corp
(641) 932-7163
13 Benton Ave W
Albia, IA
 
T. Scott Nevitt
2928 Ingersoll Avenue
Des Moines, IA
Company
Title: President/Trusted Advisor
Company: CORE Asset Management
Type
Investment Advisor Rep: Yes
Years Experience
Years Experience: 10
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Medicaid,Life Insurance,Inv

Data Provided by:
Bill Elson
3705 Grand Avenue
Des Moines, IA
Company
Company: Spectrum Financial Services
Service
Hourly Financial Planning Engagements,Fee Only Portfolio Management,Pension for Highly Compensated Owners,Stock Market Alternative,Wealth Management,Medicaid,Life Insurance,Investment & Portfolio Management,Long-Term Health Care Planning,Business Succession & Liquidation Planning,Estate Tax Planning,Asset Protection Strategies & Planning,Individual Income Tax Planning,Wealth Engineering,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Medicare Planning,Health Care Insurance,Retirement Planning

Data Provided by:
T. Scott Nevitt
2928 Ingersoll Avenue
Des Moines, IA
Company
Title: President/Trusted Advisor
Company: CORE Asset Management
Type
Investment Advisor Rep: Yes
Years Experience
Years Experience: 10
Service
Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Hourly Financial Planning Engagements,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Medicaid,Life Insurance,Inv

Data Provided by:
Insurance Policy Centrers LLC
(319) 354-0097
765 Bay Ridge Drive
Iowa City, IA
 
American Family Insurance
(641) 683-1891
409 Church St
Ottumwa, IA
 
Data Provided by:

Disability Insurance Policy Options

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Disability Insurance Policy

Disability insurance varies widely. Some features of the policy may add value for you or may not. As usual, you must weigh your risk. Always remember that anything that increases risk for the insurance company will increase cost for you. So, if you want a larger percentage of your salary in benefit, it will cost you more. If you want a cost of living adjustment on your benefit's if they extend beyond a year or two, this will also cost you more. Anything that you do that requires the insurance company to adopt more risk will cost you more in premium.

There are a number of questions to ask yourself as you examine a potential policy. However, one of the most critical is to find out how disability is defined. Pay very close attention to this.

Some policies will pay benefit's as soon as you can't do the work of your regular job because of illness or accident. However, others only pay if you can't do ANY job suitable for your education and experience. This could mean that you are forced to take a job well below your current jobs income potential and yet you won't qualify for benefit's to top you up to your former salary. This is something to think about. If you don't have some kind of coverage that will continue while you are both job-hunting and completing your recovery, you could be in a significant financial bind.

Further, some policies will define disability in terms of your existing job for only a limited period say 2 or 3 years and then will expect you to retrain for another occupation. You may get benefit's while you re-train, but you may not. In any case, your benefit's will cease. Again, you must consider if this is the kind of coverage that will work for you and your family.

The Cadillac policy is to have payments continue for your lifetime. Obviously, any policy that would pay you for a lifetime after an incapacitating illness or accident will be more expensive. You will have to decide if that makes sense for you ...

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