Thursday, April 29, 2010

Perfect Complements

Members often ask me if there are other ABE-sponsored insurance plans they should consider to help ensure they have adequate insurance protection. Many times members have not considered what we call supplemental plans. Supplemental group insurance plans such as the ABE-sponsored Accidental Death and Dismemberment (AD&D) and Hospital Money Insurance (HMP) can be a perfect complement to ABE-sponsored Group Term Life and Disability plans. With ABE-sponsored HMP, you collect up to $500 a day for each covered hospitalization. This daily cash benefit can be used to help pay co-pays on your basic medical insurance or other expenses not covered under your basic medical plan. ABE-sponsored ADD provides benefits of up to $500,000 for covered accidental deaths. These benefits are paid in addition to the benefits your family may receive from an existing life insurance plan. What’s more, both of these plans are guaranteed acceptance! This makes it easy to supplement your existing life and disability insurance coverage. Call me at 1-800-621-8981 ext. 6420 or visit www.abendowment.org to learn more.

Perfect Complements

Members often ask me if there are other ABE-sponsored insurance plans they should consider to help ensure they have adequate insurance protection. Many times members have not considered what we call supplemental plans. Supplemental group insurance plans such as the ABE-sponsored Accidental Death and Dismemberment (AD&D) and Hospital Indemnity Insurance (HIP) can be a perfect complement to ABE-sponsored Group Term Life and Disability plans. With ABE-sponsored HIP, you collect up to $500 a day for each covered hospitalization. This daily cash benefit can be used to help pay co-pays on your basic medical insurance or other expenses not covered under your basic medical plan. ABE-sponsored ADD provides benefits of up to $500,000 for covered accidental deaths. These benefits are paid in addition to the benefits your family may receive from an existing life insurance plan. What’s more, both of these plans are guaranteed acceptance! This makes it easy to supplement your existing life and disability insurance coverage. Call me at 800-621-8981, extension 6420 or visit www.abendowment.org to learn more.

Thursday, April 22, 2010

Exclusively Supporting Your Family…

If your employer-sponsored coverage doesn’t allow you to include your dependents, we may be able to offer you a solution. ABE-sponsored insurance is exclusively for ABA members, but most ABE-sponsored plans allow you to apply for dependent coverage at the time you are applying for coverage, increasing the financial stability you may need for yourself and your family. Call me to learn more.

Thursday, April 15, 2010

The Tax Man Cometh…

Tax time can be stressful for many but it can also be a reminder to properly watch over financial affairs. It can be a time to reflect on how expenses are paid and if cash flow needs are planned for appropriately. As an example, in a review of expenses and cash flow, you may find that it would be helpful to pay an expense in smaller regular payments rather than paying annually in a lump sum. If this financial planning tactic is something that appeals to you, you might want to consider the ABE’s Automatic Payment Plan as an option for budgeting your insurance premiums. When using this option, the 12-month insurance premium is divided by 12 and paid in smaller monthly payments; there are no “service charges” added because you pay monthly. These monthly payments are then automatically deducted from the savings or checking account you designate instead of sending a check through the mail. Not only is this a way to save time and postage, but it’s an easy way to manage your finances. If you would like more information, call me today at (312) 988-6420.

Thursday, April 8, 2010

I want to help protect my practice…

“What is professional overhead expense insurance?” an ABA member asked me today. I told the member that this type of plan is not always available through insurance agents or brokers and can be one of the most valuable insurance plans a solo or small firm lawyer can purchase. Although the name may be odd, the ABE-sponsored Group Professional Overhead Expense Insurance plan helps cover your office expenses if you are disabled and unable to work. For many solo and small firm lawyers, it is a necessary supplement to personal disability insurance, because it pays your share of office expenses for up to one year while you are disabled. The monthly benefits paid by this plan can help your office continue to stay opened and functioning while you are recuperating from a disabling illness or injury. Solos and partners in firms with up to five attorneys can purchase Professional Overhead Expense insurance in amounts from $500 a month to $10,000 a month. If no one but you is responsible for your overhead, read more about whether this type of insurance is right for you at our website or give me a call to find out more.

Thursday, April 1, 2010

Spring Into Great Medical Coverage

If you have Medicare or Medicare Supplement coverage, consider adding our Excess Major Medical Plan II. It’s an important supplement to your existing coverage because there are maximums and limits to Medicare and to even the most comprehensive Medicare Supplement plans. With a discount pharmacy benefit, this affordable coverage can provide the additional coverage you may need. Depending on the deductible you select, rates can be as low as $30/quarter. That’s an inexpensive way to ensure you have the coverage you need if you run into maximums and limits on your other plan(s).