As an attorney, dedicated to representing disabled professionals with individual disability insurance (IDI) and long-term disability (LTD) insurance matters, I am often in the unenviable position of informing clients of the deficiencies in their coverage. As an attorney, dedicated to representing disabled professionals with individual disability insurance (IDI) and long-term disability (LTD) insurance matters, I am often in the unenviable position of informing clients of the deficiencies in their coverage. Such was the case during a recent consultation with a civil litigation attorney who was forced to cease practicing due to a neurological disorder affecting his executive and cognitive function. […]

When planning for the future, most people focus on family security and their retirement. They purchase insurance policies, invest in 401Ks and seek other ways to ensure their financial security through their career and into retirement. They do so with the hope of smoothly transitioning into their golden years. However, a plan is only as good as its implementation. Understanding the terms and conditions of your disability insurance policy is crucial to protecting your financial security. This is especially true given that the Social Security Administration reports that 25% of the American work force will become disabled prior to reaching […]

EXCLUSIONS AND LIMITATIONS ARE THE NEW TREND IN DISABILITY INSURANCE As of October 1, 2016, nearly every disability insurance company will either exclude or limit disability insurance claims related to mental nervous and/or addiction related impairments. This applies to both Individual Disability Insurance (“IDI”) policies as well as employer sponsored group Long-Term Disability (“LTD”) insurance plans. Historically, IDI policies were issued without exclusions or limitations for mental health and/or addiction related impairments. Conversely, nearly every LTD plan issued contained less favorable coverage, such as exclusions and 24-month limitations for these impairments. Studies confirm that 25% of professionals will suffer a […]

As an attorney, in a practice dedicated to representing impaired professionals with individual and group disability insurance matters, I am troubled by the general lack of knowledge regarding disability income replacement insurance. My concern stems from the sobering reality that more than 1-in-4 of today’s 20-year-olds will suffer a disabling medical condition before they retire.1 While this statistic is troubling, it pales in comparison when considering 68% of adult Americans fail to set aside money for emergencies.2 You need only reflect on your own financial situation. Take a minute. Research confirms 65% of working Americans would be unable to pay […]