Wednesday, September 30, 2009

Factor to Consider Regarding Disability Insurance

I was discussing our Disability plan with a member the other day and mentioned that a factor to consider regarding disability coverage is that if you pay the premiums yourself, versus having them paid by your law firm, your monthly benefits may be paid to you, tax free. (We do encourage you to confirm this with your tax adviser.) This means if you are currently paying the premium for a $10,000 monthly benefit amount and experience a qualifying disability you would receive that full monthly benefit payment. However, if you have the same benefit amount, but your law firm pays the premium, it is possible you may be taxed on the benefit received. Consult your tax adviser for more information. I encourage you to learn more about Long-Term Disability Insurance exclusively for ABA members, which can provide up to $12,000/month in replacement income in the event of a covered disabling illness or injury. You can also email or call me at 800-621-8491 ext. 6419 or comment below so we can discuss.

Thursday, September 24, 2009

September is Life Insurance Awareness Month

September is Life Insurance Awareness Month, an annual educational campaign founded by the nonprofit organization Life and Health Insurance Foundation for Education (LIFE) in response to growing concern about the large number of Americans who lack adequate life insurance protection. According to LIMRA International, 68 million adult Americans have no life insurance.

As an ABA member, you may be eligible to apply for coverage thanks to our ABE-sponsored Group Term Life Insurance plans, available exclusively to ABA members!

Learn more today and help spread the word about Life Insurance Awareness.

Wednesday, September 9, 2009

Going Green with Auto Pay

Recently I've had several members ask me if they can stop paper billing of their premium notices and go green by either paying by credit card or with another automatic payment plan. We are so glad to be hearing you want to "go green"!! Currently we do not have a credit card payment option, but we do offer an Automatic Payment Plan. Our paperless Automatic Payment Plan allows you to deduct your monthly premium from your bank account on the first day of each month (if the first falls on a weekend or a holiday, your account will be debited on the next business day). If you want to sign up for this convenient method of payment, click here to download an Automatic Payment Plan form. Comments on going green with paperless billing? We would like to hear from you!! Just post a response to my blog.

Wednesday, September 2, 2009

As your Personal Insurance Representative, I thought you might be interested in knowing some facts about disabilities. Did you know that according to the National Safety Council 2009 Injury Facts, in the next 60 minutes, 2,990 Americans will suffer a serious injury, and that during your working years, you’re up to four times more likely to suffer a serious disability than to die?

These facts make it clear that disabilities do happen. What would happen to you and your family if you became disabled and were unable to work? Have you made sure that you and your loved ones are protected from the potential financial impact that can be caused by a disabling injury or sickness? Having adequate disability insurance coverage may make all the difference between having to spend your savings and investments to pay your mortgage and other regular expenses, or having the monthly income that can help you stay focused on getting better.

Did you know that we offer Disability Income Insurance exclusively for ABA members that can protect your income in the event of such a disability? Post your comments or questions here!