Dismemberment insurance, often paired with life insurance in a package known as accidental death and dismemberment (AD&D) insurance, provides financial protection because of a severe accident. It offers peace of mind, knowing that if an accident leads to the loss...
In Colorado, public employees can look forward to a robust safety net should they face debilitating health issues that prevent them from working. This is thanks to the Colorado Public Employees' Retirement Association (PERA), which offers its members disability...
Being away from work, even for a few days, can be a source of hardship for many people. Most adult wage-earners do not have enough savings to offset a lengthy loss of income. Instead, many households may only have enough to pay a month or two of basic expenses, if...
Car accident fatalities were a major issue in the 1970s, leading to changes in safety standards. Additionally, safety technology for vehicles has developed significantly over the last 50 years. As a result, the general trend in fatal accidents since that time has been...
When you file a disability claim with your insurer, you expect to start receiving benefits as soon as possible. However, it is not an automatic process. Mistakes with your claim can lead to delays or even a denied claim, which is why it is essential to understand what...
The Employee Retirement Income Security Act (ERISA)is a federal law that governs employer-provided insurance plans. One of the key provisions of ERISA is that you have the right to appeal a denied claim for benefits under the plan. However, not all appeals sail...
Someone in need of disability benefits will submit an application to the insurance company, an action which hopefully results in weekly benefits. Some people have benefits provided by their employers, while other people have disability policies that they purchase on...
If you’re waiting for your doctor to tell you that it’s time to file for long-term disability (LTD) benefits, don’t hold your breath. The vast majority of physicians won’t broach the subject with their patients simply because they figure the patient will tell them...
Once your long-term disability (LTD) claim is approved and stabilized, the insurer may offer you a lump-sum buyout. You could obtain a considerable sum in exchange for ending your claim once and for all. A final lump-sum payment sounds great on paper, but it is...
Losing a loved one is one of the most difficult experiences that anyone can face in life. While grieving such a loss, you might learn that your loved one named you as a beneficiary of their life insurance coverage. If your loved one faithfully paid their insurance...
