Browse: Home / disability income
By Ed Hinerman on February 27, 2012
I’ve been working with an oral surgeon recently on his life insurance and he asked about disability income also. He makes nearly $1 million a year, obviously very good at what he does. He’s part of a large dental group with 300 or so offices nationwide so I asked him if they offered group coverage ...read more
Posted in disability, disability income, insurance, life insurance | Tagged $15k a month maximum, $250k per month maximum, Aspen Dental, Aspen Dental benefits inadequate, Aspen Dental disability group plan, Aspen Dental disability train wreck, dentists, disability income insurance, group disability benefits, high limit disability income insurance, insurance, life insurance, oral surgeons, orthodontists, Surgeons, traditional disability income capped
By Ed Hinerman on February 16, 2012
If you make $300,000 or less then this post is probably not for you, unless you can envision a time when your income is higher. Traditional disability income insurance will pay, at most, 65% of your income as a benefit, theoretically what you would net post taxes. This means that the maximum benefit at $300,000 ...read more
Posted in bipolar disorder, business life insurance, buy/sell life insurance, civilian contractors, disability income, insurance, prostate cancer | Tagged $250k a month benefit, attorneys, dentists. executives, disability for entertainers, disability for professional athletes, disability incomce insurance, disability income, disability income cap, high limit disability income insurance, highly paid surgeons, income in excess of $1 million, insurance, physicians, restrictive disability insurance, supplemental disability income insurance, traditional disability income
By Ed Hinerman on February 6, 2012
I have clients all over the Middle East doing everything from engineering to Afghan translation to security services. I have been working with a company out of Argentina that has oil field crews working revolving shifts in Iraq and it looks like we will have the policy issued on that tomorrow. I love it when ...read more
Posted in accidental death, business life insurance, buy/sell life insurance, civilian contractors, Civilian War Zone Coverage, disability income, insurance, life insurance, Lloyds of London, professional athletes | Tagged accidental death and dismemberment, business life insurance, CEO, Commercial pilots, disability income insurance, group or individual plans, high limits, inusrance, life insurance, missionaries, professional athletes, war zones, world wide
By Ed Hinerman on January 12, 2012
Because of the limits put on the benefit available under traditional disability income insurance, there are a lot of people who would fall well short of being able to maintain their lifestyle if disabled. The standard of the industry is 60% of your salary, usually with a maximum of $16,600 a month which is 60% ...read more
Posted in disability, disability income, insurance, life insurance | Tagged $250k monthly benefit, benefit on salary and bonuses, CEO's, disability income insurance, disability overhead expense, exeutives, fully underwritten plans, guaranteed issue, insurance, life insurance, partners, supplemental high limit disability
By Ed Hinerman on January 9, 2012
I am working with a group of men on their war zone coverage, who have been waiting for three months now to start a series of one month trips to Iraq and Afghanistan to do finish work on some newly constructed airport facilities. As is becoming more common in Iraq especially, there have been delays. ...read more
Posted in accidental death, civilian contractors, Civilian War Zone Coverage, disability income, foreign travel, insurance, life insurance, Lloyds of London | Tagged accidental death, accidental death and dismemberment, Afghanistan, AIG, civilian contractors, disability, disability income, extension of benefits, extension of contracts, Global Underwriters, insurance, Iraq, less than half the price, life insurance, Lloyds of London, screwing the customer, Travel Insurance Center, war zone coverage
By Ed Hinerman on October 23, 2011
Let’s step away from life insurance for a day and address an inherent problem in disability income insurance. Disability income insurance is there to theoretically replace earned income in the event that a person is disabled by injury or illness. Companies normally cap their benefit at 65% of a person’s annual gross earned income, up ...read more
Posted in disability, disability income, executives, hazardous activities, income replacement, professional athletes | Tagged actors, annual gross earned income, artists, benefit cap, capital gains, CEO's, DI, disability income insurance, disabled, fishermen, high net worth, higher income, insurance, life insurance, Lloyds of London, loggers, offershore oil workers, own occupation, pay cut by capped income, professional athlethes, replace earned income, too much unearned income, writers
