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Tag Archives: disability insurance

3 Insurances Everyone Should Have

insurances most people should purchase

  Insurance is one of those funny things that most people hate buying, try to never use, but are gloriously thankful for if the right situation comes along. There are some insurances that I believe we can do without, but I think there are 3 insurances most everyone should have; health, life, and disability. There are Still Tons of People without Health Insurance Despite over 11 million new signups for health insurance through Obamacare, there are still plenty of people who don’t have health insurance. The penalty for not having insurance is not enough of a deterrent for many people, and the list of reasons you can forgo the penalty due to a hardship exemption is broad enough to cover just about anyone who doesn’t want to purchase. For those of us who don’t qualify for a subsidy or for those who don’t want one, seeing premiums double or triple every year makes it tempting to go without, especially for the young and healthy. I had a patient just this week who was upset that her insurance didn’t cover eye care, despite a $700 a month premium. She said she was thinking about droping insurance and saving that money to ...

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Protecting Your Ability to Earn: Have You Got a Plan for Peace of Mind?

Having the right disability insurance

If you have a career plan and everything is on track with your personal finances with a regular income, that is obviously good news. Many of us have the ability to generate an income and build some wealth at varying levels but a good number of us simply rely on a regular wage to meet their financial targets and commitments and don’t have a backup plan in place to deal with a financial crisis if we are suddenly unable to work for a period of time. Financially savvy Many hard-working Australians can be considered financially savvy and have a good understanding of finance and know how things like a mortgage and investing for wealth work. The missing gap for some of these people is realization of the true financial impact that can be felt when your capacity to generate an income is suddenly and swiftly taken away from them on a temporary or long-term basis. Financial planning needs to include drawing up legal documents that provide a clear indication of your wishes and estate planning to ensure that your family are looked after as best as possible, but it should also include making arrangements to protect your income if you ...

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