Last week I spoke to an insured member who had recently opened his own firm and said he was very fortunate to have purchased ABE-sponsored Disability Income Insurance because he is able to continue with this plan once he started his new firm.
If you decide to change jobs or careers, you may lose your employer-provided insurance coverage, but you can “take” your ABE-sponsored coverage with you, as long as you remain an ABA member and otherwise meet eligibility requirements. This feature eliminates the hassle of securing new insurance coverage in the midst of an already stressful career move.
Recently many attorneys have left big firms and started their own practice. This valuable feature of every ABE-sponsored plan may be more important now than ever before.
Have thoughts about portability features or job changes? Post your comments below.