In the past few months Covid 19 has touched nearly every facet of life, including life insurance. So, the burning questions many are wondering is; "does life insurance cover Covid 19?", "Can I still get life insurance during Covid 19?" and the short answer to these questions are yes. As long as your policy is active if you were to pass due to Covid-19 your beneficiaries would still receive the death benefit. What Covid-19 has affected is the application process. However, this does not meant you cannot apply and get coverage during this pandemic, there are just tighter restrictions to those applying. For example:
Don't take these restrictions as a sign that it's not the right time to get coverage, because for many it is actually the perfect time to get insurance. Accelerated underwriting has never been easier, and with the entire process being virtual, you can even get life insurance the couch while social distancing!
1 in 4 people living in the U.S. will suffer a disability lasting for more than a year before the age of 65.
Rely on the experience of Lifestyle Life to help protect you and your family with the right Disability Insurance policy.
62% of personal bankruptcies in 2007 were due to an inability to pay medical expenses.
65% of applicants for disability benefits through Social Security are denied the first time.
Nearly half of the one million Americans who filed for bankruptcy protection last year did so as the result of an unexpected injury or illness.
90% of disabilities are due to illness, while 10% of disabilities are due to injury.
There are several definitions of "disability" within a disability insurance policy; therefore there are a few ways that you can be disabled under the terms of the contract. Most simply, a disability is a sickness or injury which interferes with your ability to work.
When you fall ill or are injured in an accident, you have enough on your mind without having to worry about where your income will be coming from.
Your income, the foundation of the lifestyle you have created, affects you and your family's everyday activities and plans for the future.
Disability insurance gives you the peace of mind that you are financially protected should an injury or illness occur.
As with any insurance product, there are many variables that need to be considered for qualification. In fact, very few people simply sail through the underwriting process – it is not easy to obtain maximum coverage at competitive rates. However, our experienced disability team will work with the underwriter to provide the best disability coverage available from the insurer.
We have the experience and knowledge of the many underwriters in the market place to help even some of the most difficult cases get disability insurance.
Disability insurance is priced according to a number of factors. Some of these include: the elimination period, benefit period, age, optional riders, premium structure, occupation class, gender, state, health, amount and type of coverage, and benefit amount.
As a rule of thumb, you can expect to pay between 1-3% of your annual income for a quality disability insurance plan.
Disability insurance is one of the most vital pieces of your financial plan. If you have not secured a solid income protection plan through disability insurance, your entire financial future may be in jeopardy.
Yes. Depending on the coverage provided by your employer, consideration should be given to adding a supplemental disability insurance policy.
This type of policy can increase your percentage replacement of income up from the actual 45% (60% minus taxes during the claim) that you typically receive from an employer. This policy can also guarantee you the ability to have portable disability insurance, as well as likely give you more comprehensive disability coverage.
A supplemental disability insurance policy will often times have a more comprehensive definition of total disability, a significantly better residual disability rider, and can also help protect against inflation with the addition of an optional "Cost of Living Adjustment Rider".
Individual disability is also portable and can be carried with you from state to state and job to job.
As previously mentioned, it is not easy to obtain maximum coverage at competitive rates. However., this is what we do every day. Our team works directly with the underwriters to make sure that we appropriately navigate any health, lifestyle, or occupational risk that could present a challenge in getting you the best coverage possible.
Enjoy financial protection that always comes with peace of mind.
Kevin has assisted us in finding the most appropriate and cost-conscious life insurance. We felt very well directed in his hands, as he is well-versed in the intricacies and nuances characteristic of life insurance underwriting. He has also guided us to some knowledgeable associates when we were searching for a more affordable health insurance for our family. We were given excellent and timely advice. It is an added bonus that Kevin is so personable, warm and genuinely caring about his clients.
- Kara Veigas
Kevin acheived verifiable results for me in a timely and professional fashion. I would highly reccomend him for all of your insurance needs.
- Eric Dietz
Kevin is very knowledgable on insurance matters, and has helped a number of my clients obtain the insurance they desired. I have no hesitation in referring clients to Kevin, and each time I have done so the client has had a positive experience.
- Timothy Monahan
I have been working with Kevin and his company for nearly a decade now. He has always been extremely professional and proactive in the services he provides. We have established a strong business relationship which I value and trust and look forward to continuing to work with him in the future.
- Joey Beard