What would you do if your paychecks stopped?
Article Abstract:
Employees should invest in disability insurance just as they invest in life, medical and car insurance. Disabilities may occur unexpectedly and can trigger a financial crisis due to loss of income. Life insurance, workers' compensation and social security benefits do not automatically cover disability claims and these are often not enough to sustain daily expenses. Disability insurance can replace 60 to 80% of an employee's income and can provide long-term benefits depending on its policy terms. An employee should consider these to be able to maximize the benefits offered by the insurance plan.
Publication Name: Women in Business
Subject: Women's issues/gender studies
ISSN: 0043-7441
Year: 1992
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How much life insurance is enough?
Article Abstract:
The group term-life insurance provides an alternative insurance policy which can financially augment American families in the event of an unexpected death or disability. A term-life policy covers a certain period but families could avail of the death benefit should the insured die within that period. Employees should analyze the policies, benefits and privileges stated in the insurance contract to enable them to opt for the plan that meets their needs. They should evaluate their family's expenses so that their term-life insurance can adequately compensate their finances when the time comes.
Publication Name: Women in Business
Subject: Women's issues/gender studies
ISSN: 0043-7441
Year: 1993
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How to prepare for an unexpected medical crisis
Article Abstract:
Unexpected medical crisis occur at a higher rate than most people believe. It is only when these medical problems happen that people find out that they are not adequately covered by their insurance plans. To avoid difficulty in meeting financial obligations of unforeseen medical needs, an evaluation of health insurance coverage is essential. This includes determining the limits of the health plan, knowing the lifetime maximum benefits and finding out if catastrophe major medical plan is necessary. The benefits of a catastrophe major medical plan are presented.
Publication Name: Women in Business
Subject: Women's issues/gender studies
ISSN: 0043-7441
Year: 1992
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Comment about this article or add new information about this topic: