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Disability Insurance from Employers Okmulgee OK

While some employers may decide to provide some disability insurance for their employees as part of an insurance benefit package, it is not guaranteed.

James Oplotnik
3621 Northwest 63rd St
Oklahoma City, OK
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Title: President
Company: Access Advisory Group LLC
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Investment Advisor Rep: Yes
Registered Investor: Yes
Years Experience
Years Experience: 24
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Asset Protection Strategies & Planning,Individual Income Tax Planning,Medicaid,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,Fee-Only Comprehensive Financial Planning,Medicare Planning,Health Care Insurance,Retirement Planning,Real Estate Investment Planning,Commission-Only Financial Planning (Full Disclosure),Insuranc

Data Provided by:
United American Insurance Company.
(918) 766-6125
4821 South Sheridan Suite 226
Tulsa, OK
 
Bass Insurance Agency
(405) 340-7396
2 E 11th suite 206
Edmond, OK
 
Insphere Insurance Solutions
(918) 519-1017
1915 W C St.
Jenks , OK
 
Oklahoma Health and Life Insurance
(405) 409-7884
4013 NW Expressway
Oklahoma City, OK
 
Delivering on the Promise
(405) 651-9090
mustang
mustang, OK
 
ANCHOR INSURANCE AGENCY
(918) 688-6978
5810 E. SKELLY DR. STE. 620
TULSA, OK
 
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Disability Insurance from Employers

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Employer Disability Insurance

While some employers may decide to provide some disability insurance for their employees as part of an insurance benefit package, it is not guaranteed. There is no legislation or legal requirement for employers to provide this as a benefit.

As a result, if you are particularly interested in this benefit, you may want to try to negotiate it as part of your compensation package. If you are a valuable employee that a future employer wants to attract, this could be a part of your bargaining process with that employer.

Having said that, you will usually get some kind of short-term disability insurance from your employer. Short-term disability will provide benefit's for periods less than or equal to 6 months. However, this just gets you through a crisis.

On top of everything else that you may be dealing with because of severe illness or accident, your short-term disability insurance is likely to provide too little for you to live on. Most plans only provide between 50% and 70% of your full-time salary. Also, if you get this benefit paid for by your employer, those benefit's that you receive WILL be taxable in most jurisdictions. So, you can't expect it from your employer and you have to be ready with some level of financial planning in order to weather this kind of storm, whether you get it from your workplace or not.

In the end, the numbers usually works out better if you negotiate a higher salary and use the extra to pay for your disability insurance yourself. Why? Because if you ever do have to receive benefit's, these payments will be tax-free. (The principal is based on only taxing dollars once: money on which you have paid tax cannot be taxed again. So, if you have paid tax on the dollars which paid your disability premiums, the benefit's from your insurance are then tax-free.)

If you do get this benefit paid for by your employer, negotiate both short-term disability insurance as well as long-term protection when ...

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