Physicians often pay attention to life insurance needs but fail to consider the possibility of a debilitating incident. A professional has a greater statistical probability of suffering a severe disability that impedes their ability to work, rather than to die prematurely. While some people have the financial resources to fund a disability on their own, most need disability income insurance to cover the risk. Disability insurance planning has changed dramatically over the past decade. The insurance industry is offering many options to help professionals protect their most valuable asset—the ability to earn an income. Purchasing high-quality disability insurance has never been easy....
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What is disability insurance? What do you need to do to receive DI benefits? If you live in Switzerland, you need to contact the DI office in your canton. Cross-border commuters need to contact the DI office of the canton where they work. In order to receive benefits, you need to complete an application form for DI benefits (form available in German, French and Italian). Once you have submitted your request, the DI office will review your file to determine whether you are eligible to receive DI benefits, and if so, what type. It is in your interest to register as soon as possible. If you wait too long, your benefits may be reduced. Rehabilitation measures The purpose of rehabilitation...
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Disability Insurance in Germany Germany pays a lot of attention to insurance, and most insurance policies are comprehensive. Health insurance in Germany is mandatory, while other types of insurances are mainly optional, but oftentimes necessary nonetheless. Insurance policies, such as the health insurance, vehicle insurance, liability insurance, or home insurance, are important in the sense that they help with expenses in any unexpected incident related to either vehicle, home, or health. Among important insurance policies is also disability insurance. Maybe you have heard about it, maybe not – however, it is a crucial insurance policy, the importance of which is often underestimated...
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The probability of being disabled at any particular time is much higher than the likelihood of dying. Yet many people who wouldn't dream of going without life insurance don't understand the importance of disability income insurance. Through disability insurance, people with high incomes can generally find policies that will replace 30–60 percent of their income should they become disabled. Middle-income people might find coverage for replacement of 50–75 percent of their income. It's generally not possible to replace 100 percent of your income. What does the government provide? There are a variety of government disability programs: Social Security disability insurance pays benefits to...
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The Disability Insurance Plan was designed in 1970 by Public Service management and bargaining agent representatives, in consultation through the National Joint Council (NJC) of the Public Service of Canada, to provide income protection arrangements for Public Service employees. The Plan provides for a monthly income benefit for employees who are unable to work for a lengthy period of time because of a totally disabling illness or injury. The Plan is underwritten and administered by Sun Life Assurance Company of Canada, hereafter referred to as the Insurer. A Board of Management for the DI Plan has been established under the auspices of the NJC. The board is composed of a chairperson...
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Prepare For Financial Wellness And Protection Life and disability insurance — two things most people don’t talk about, let alone think about. Yet, they’re two of the most important things to consider as part of your financial wellness strategy. They’re important whether you’re single, married, or have kids. Why? Because life and disability coverage can bring you and your loved ones peace of mind in case something happens. Disability insurance can provide financial wellness for you in case you’re ever too sick or injured to work, and life insurance can help you protect your loved ones financially in case you’re not here. Have Questions? What if you got sick or injured and you couldn’t work,...
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The Dutch like to keep themselves well insured against all manner of incidents. As an expat, you have to learn at least a little about Dutch insurance, in order to get by in the Netherlands. It is legally obligatory to have certain forms of insurance in NL. Others are optional, but advisable. Life happens, so knowing that you will be covered if you: fall off your Dutch bike, contract appendicitis, or have your house broken into, can help you save money and feel protected! This page will give an overview of some of the most common forms of insurance available in the Netherlands. If you want to stay safe and covered during your time in Holland, read on. Make sure you also take a look at our...
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Disability Insurance Maximum coverage combined from OMA Group DI Policies 2718, 59997, 17849 and 140004. While you are automatically enrolled into Step-Rates, you have the option to convert to Level Rate up to age 65 with no medical evidence. Step-Rates change according to your age band (under 35, 35-44, 45-54 and 55-69) at the time of your plan renewal, whereas Level premium rates have been designed to remain level over time as you age and cannot be adjusted on an individual basis due to changes in your age or health. However, Level premium rates may change from time to time on a group basis depending on the insurance costs of the group. While we cannot guarantee that rates will not be...
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You are here Justice News Grand jury indicts two Jefferson County Chiropractors and eight others for fraud scheme ST. LOUIS, MO – Dr. Thomas Hobbs and Dr. Vivian Carbone-Hobbs of Jefferson County were indicted with two members of their office staff, a former union representative of Anheuser-Busch In Bev, and five patients with conspiring to fraudulently obtain disability benefits from the Social Security Administration and disability insurance payments from providers of long-term and short-term disability insurance. The indictment charges Dr. Hobbs, Dr. Carbone-Hobbs, Clarissa Pogue, Christina Barrera, James Ralston, Elizabeth Guetersloh, Glenda Johnson, Sheila Huffman, Shannon Nenninger...
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If you’re healthy, it can be hard to imagine a scenario where you get sick or otherwise find yourself unable to work. However, nothing in life is certain and there’s always a chance that something could happen that could leave you unable to work. Disability insurance offers protection against this possibility, making sure you still have enough money to live if you’re disabled and cannot work. Many companies offer disability insurance as a benefit that employees receive for free or can purchase at a discount. However, self-employed people don’t have the luxury of getting insurance through their employer. That makes them responsible for their own insurance coverage....
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