Introduction Private Income Protection 

A Disability Insurance Policy  can provide you with up to 1/2 of your regular paycheck or business earnings (Schedule C – Section 106) .  Social Security Disability, SDI for Biz Owners nd SDI for employees  might not be enough or work for you.  Having coverage is very important as  1/2 of all bankruptcies involve medical issues. 

Coverage up to 50% of earnings should come close to being equal to your current income, as you don’t have the expenses of going to work and lower taxes. One in Four of today’s 20 year olds will become disabled before age 67 and the length of time one is disabled is getting longer too. ^{Standard Flyer} *

The benefits are usually Income Tax free and of course, the Insurance Company wants to encourage you to go back to work, so they don’t want you to make too much by not working.

• Questions to ask yourself 
  • Is your risk protection package coverage up to date?
  • How much in US Dollars of  protection do you need?
  • Planning vs Policy
  • What are your Goals, desire, action
  • wealth replacement strategy
  • How would you pay your mortgage, bills, food if you were not able to work?
  • What medications do you take?
  • What conditions are you monitoring?
  • What is your most valuable asset?
• Videos and brochures
  • Disability can Happen.org  *  Blog   * 
  • Where did your paycheck go – living confidently.com/protect-your-paycheck  learn more about disability.
  • 5 myths of pay check protection?
  • Medical coverage under Health Care Reform only pays for 10 essential benefits, not lost income.
  • MetLife  Brochure – Will your coverage be enough?
  • Met Life Income Guard Brochure
  • policy genius.com/long-term-disability-insurance-faqs

Group and Employer Disability Paycheck Protection

Reasons to get Disability Coverage for your employees:

• It replaces a portion of an employee’s income if they should ever become ill or injured and unable to work.
  • SDI State Disability Insurance may not be enough!

• Around 90 percent of all workers consider their ability to earn an income as their most  important financial resource.
• Increased benefit choices can increase employee loyalty to the employer.
• Around 75 percent of employees consider benefits extremely important.
• Around 80 percent of employees say benefits provide peace of mind.
  • Learn More – Blog Disability Can Happen.org  *
• Standard Business Overhead Protector – Expenses 
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Insurance – Disability Calculators

• calculate your chances of being disabled and how much income loss there might be?
• Broad Ridge Advisors Tool
• Income Needs
• Chances of Becoming Disabled  Quiz
• Social Security Administration – Estimate Your Potential Benefit Disability & Retirement Benefit
• whats my Earned Income Quotient.org  How much might you earn in your future?

How to prove loss and amount of Income at #Claim Time?

How disabled are you –  what  restrictions and limitations are preventing you from performing your regular occupation or gainful occupation so you can file the  “proof of claim” –  “proof of loss” for you  occupation and earnings.

The main reason that an insurer denies a claim for long-term disability or short-term disability benefits is because they don’t think there is enough  medical evidence that your really  unable to return to your job and do the  substantial and material duties of your occupation. ^mslawllp.com

Links & Resources

• CA Insurance Code on Claim and Proof of Loss Provisions
• FYI – Covered CA accepted proofs of income 

Disability Insurance FAQs

How do I show that I’m not able to do a sedentary job – computer work?

• Check your actual policy – evidence of coverage
  • How to read your policy
• See our webpage on Long Term Care and various scales of disability

Disability Insurance FAQs

#SocialSecurityDisability
Factors in Evaluating 

Parents & Care Givers

Check out our webpage on getting your own private disability coverage, in addition to Social Security Disability or SDI State Disability Coverage

• Disability Income – Pay Check Protection
  • SDI State Disability Insurance – MAGI Income Taxable? COVID
    • Unemployment Compensation – Can’t find job – Corona Pandemic – Family Leave- Free Silver 94
• SSI – Supplemental Security Benefits – Automatic Medi Cal – SSDI
  • DAC Disabled Adult Child – Keep Medi Cal – Retirement – Pickle
    • Disabled Adult Children – over 26 – stay on parents insurance

FAQ's 

• Deafness?
• Mental Health – ACA/Health Reform Mandated Essential Benefit
  • Autism – Essential Benefits & Health Coverage
  • Resources – Mental Health – Conservatorship – FSP
    • Organizing, Hoarding, & Cluttering
• nolo.com/guide-to-social-security-disability
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  • c:/medi-gap/Social Security/disability
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