Disability Insurance

  • Unemployment for People With Disabilities Drops in 2014 Unemployment for People With Disabilities Drops in 2014

    SSDI Applications Continue Downward Slide;
    Social Security Disability Insurance Applications Declined to Lowest Quarterly Level in Six Years

    Unemployment for people with disabilities was significantly lower in 2014 compared to previous years, and applications for Social Security Disability Insurance (SSDI) benefits continued their downward progress -- reaching the lowest quarterly level in six years, according to a study by Allsup, the nation's premier Social Security disability representation company. read more
  • MassMutual Updates Worksite Disability to Meet the Needs of an Aging Workforce MassMutual Updates Worksite Disability to Meet the Needs of an Aging Workforce

    MaxElect13 features increased maximum issue age,
    decreased rates for older workers

    With a record number of older Americans remaining in the workforce, MassMutual is enhancing its individual disability income insurance product sold at the worksite by making it more available and more attractive to workers age 65 and older. MassMutual’s MaxElect13 disability income policy includes an increased maximum issue age to 80 and decreased rates for workers ages 65-75. read more
  • Disability Insurance: The Biggest Benefit is Education Disability Insurance: The Biggest Benefit is Education

    Misconceptions and contradictions point to opportunity for advisors

    by Carol Harnett

    New data from the Council for Disability Awareness (CDA) spotlights a dichotomy for financial advisors: More employers are offering long term disability coverage, yet fewer workers have long term disability (LTD) benefits. read more
  • When Planning and Preparation Pay Off… When Planning and Preparation Pay Off…

    When he would need it most...A Nashville dentist knew his family would be protected

    John Peden was one of those larger-than-life personalities. "When he would walk into a room, it was like all the attention was on him," said his stepdaughter, Jenna Peden. "He just had this power emanating out of him." read more
  • Finding Financial Security When It’s Needed Most Finding Financial Security When It’s Needed Most

    Entrepreneur's cancer diagnosis highlights need for disability insurance

    At 37 years old, with a thriving concrete business, a wife and three young children, dying was the last thing on Travis Roberts' mind. But after a doctor's visit for a kidney stone, Roberts learned he had cholangiocarcinoma, a cancer of the bile duct. His survival rate was zero. read more
  • The Impact of Illness & Injury The Impact of Illness & Injury

    Unum customers share their stories, discuss critical role of disability income protection benefits

    As health care professionals, Renee Schmidt and Marina Kountouris see firsthand how illness and injury can suddenly interrupt your ability to work and earn a living. Both have lived it as professionals, but as patients too. read more
  • FIRST REHAB LIFE CHANGES NAME TO SHELTERPOINT LIFE FIRST REHAB LIFE CHANGES NAME TO SHELTERPOINT LIFE

    NY-based insurance carrier changes name in anticipation of national expansion

    NY-based insurance carrier changes name in anticipation of national expansion Great Neck, NY, August 4, 2014 – Effective today, The First Rehabilitation Life Insurance Company of America (First Rehab Life) changed its name to ShelterPoint Life Insurance Company, and is hereby ringing in a new chapter in the company’s history. Ownership and management of the ... read more
  • 2013 Long Term Disability Claim Payments Increase To $9.8 Billion 2013 Long Term Disability Claim Payments Increase To $9.8 Billion

    CDA Releases Ninth-Annual Long Term Disability Claims Review

    The Council for Disability Awareness (CDA) today released its ninth-annual Long Term Disability Claims Review, an exclusive analysis of long term disability claims data and trends from 19 of America’s top disability insurance companies. read more
  • Financial Lessons of our Fathers Financial Lessons of our Fathers

    Majority of Younger American Adults Would Suffer Substantial Consequences If Income Was Interrupted

    A new LIMRA study found that 6 out of 10 Generation X and Y Americans say losing their income for 6 months due to accident or illness would have a significant or drastic impact on their families' financial well-being. read more
  • Losing an Income: Countdown to Disaster Losing an Income: Countdown to Disaster

    More than Half of American Adults Say Loss of Primary Wage Earner Would Have Financial Impact within a Year

    reprinted with permission from the LIMRA's Industry Trends blog.

    This week LIMRA and Life Happens (formerly the LIFE Foundation) released findings from the 2014 Insurance Barometer at the Life Insurance Conference in Chicago. In it consumers were asked how long it would take to feel the financial impact from the loss of a primary wage earner. More than half said they would feel the impact within a year; 47 percent of them in only six months. (see chart) read more
  • Sharing the D.I. Story Sharing the D.I. Story

    The Power of Referrals from Other Advisors

    by Kevin Quinn, CLU®

    We’re all used to networking to expand our universe of contacts and find new potential clients as insurance professionals. The question is how far do you take your networking? Have you already expanded your horizons to work with other types of advisors, such as attorneys, CPAs and bankers? read more
  • Bundled D.I. Bundled D.I.

    Clusters Help Profile Employers’ Disability Insurance Strategies

    by Andrew Sullivan

    Our experience shows that employers approach their group disability insurance benefits programs from different perspectives. Some companies focus almost exclusively on cost control, for example, while others emphasize using claims administration to improve workforce productivity. read more
  • Disability Should Not Hurt Your Financial Health Disability Should Not Hurt Your Financial Health

    Taking "preventative measures" to protect income

    Personal health and personal finances are appearing at the top of the priority list for many Americans, according to Northwestern Mutual's 2014 Planning & Progress Study, new research that examines Americans' perspectives and behaviors towards money. The research found that close to half (43%) of Americans cited personal health and more than a third (38%) cited personal finances as their top two priorities for 2014. read more