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If you have adequate funds set aside to retire today or pay your monthly bills without continued income today than no, you don't need to keep it. Keep in mind that the older you get the more likely you will need the protection. Drop it today, get diagnosed with cancer tomorrow. Murphy's Law. Besides, if you opted for the money back rider you will get all your money back anyway....you did opt for the money back rider didn't you? If it is a toss up between keeping the DI and buying LTCi, then the answer is drop the DI to free up the premiums to pay for the LTCi. 4lifeguild

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โˆ™ 2007-01-08 18:46:57
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Q: If an individual plans to work to age 70 is it worth keeping disability insurance after age 62 if it only pays to age 65 or not less than 5 years?
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Does humana insurance offer individual plans?

Humana insurance does offer individual plans depending on your insurance needs. The amount and types of coverage varies but individual plans are available.


Can you receive disability from your job and disability from social security at the same time?

Yes, it is very common for disability insurance plans to include a clause for social security disability, meaning the insurance company will pay a portion of the monthly benefit, expecting that you would apply for social security benefits to pay for the "Supplemental Social Security benefits". In the event you get declined by Social Security, then the insurance company would cover the additional supplemental benefits. Employer group plans as well as individual disability insurance plans can include that clause.


Companies that have Disability insurance?

There are plenty of companies that provide disability insurance. Some companies have individual disability insurance plans, some have group disability insurance and some have both. Individual insurance companies: MetLife, Mutual of Omaha, Guardian/ Berkshire, Principal, Ameritas, Assurity, Fidelity Security, Illinois Mutual, and more. Some of the group disability insurance companies: SunLife, Reliance Standard, Kansas City Life, MetLife, Mutual of Omaha, Illinois Mutual, Washington National, etc.


Can you collect social security while out on short term disability at work?

It is possible, however it depends on the particular Short-Term Disability Insurance policy you have. Your disability benefits booklet should be available from the employer. Some group disability policies integrate with Social Security and if you qualify for Social Security benefits, your disability benefits will be decreased by the amount received from SSDI. Individual Disability Insurance plans can be taken and you have a choice of integration with Social Security (cheaper plans) on non-integrated plans which will pay 100% of benefit if you are disabled, regardless if you are receiving Social Security Disability. These individual plans are portable if you change your job.


Do you have to apply for Social Security Disability when you start getting Long Term Disability from your employer?

Yes, if your disability insurance policy has a benefit that is integrated with social insurance benefits.Most employer paid disability insurance policies are integrated with social security benefits, because of the lower premium they have to pay. Individual disability insurance plans can be purchased with or without social security integration. Benefits that are not integrated with social security benefits will not be affected whether you apply or not for social security disability benefits.


Does there have to be a certain amount of employees to have disability insurance?

There is no minimum requirement to be able to get disability insurance. Individual plans are available for employees or self employed individuals; These plans have the advantage of being portable - you take them with you if you change jobs. Employers may put a disability plan in place on a group basis, which usually does not require any medical underwriting. Employer groups can start from as low as two (2). Employer group disability plans are usually not portable, meaning you lose coverage when you leave the employer.


Is there state administered Short term disability insurance in the state of Ohio?

There is no state mandated short term disability insurance in Ohio. Private plans are readily available.


Can employer paid disability plans be considered taxable?

Yes, employer paid disability insurance plans are normally paid with pre-tax money, therefore the benefits will be taxed.


What do aflac agents do?

They sell supplemental insurance to core company medical and dental plans. Can be specific plans for cancer or Accidental Dismemberment and Disability, Short or Longterm Disability as examples.


How do you compare family health insurance plans online?

Keeping in mind the rising medical costs it is necessary for an individual with family, to buy a family healthcare insurance. Nowadays, it very easy to compare health insurance plans online. Every insurance company has their own plans and different premiums.But one should look for a policy that suits best his/her needs by comparing it.


Where can one find quotes for individual health insurance plans?

One can find quotes for individual health insurance plans from United Healthcare, Aetna, eHealth Insurance, and Humana One. These plans come in various prices and packages to meet one's requirements.


Which worldwide insurance plans does GlobalSurance offer?

GlobalSurance offers a wide variety of worldwide service plans to its customers. Individual plans, group plans, travel plans, as well as teacher plans, are some of the insurance plans offered.

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