June 18, 2017

Better Insurance Options from Employers a Major Draw for Millennials

According to a new study, Millennials are more realistic and financially savvy than many give them credit for. The survey conducted by Anthem found that a full 35% of Millennials between 18 and 34 have turned down a job offer at least partially due to dissatisfaction with the insurance options from the employer. This compares to just 27% of respondents of all ages in the workforce. Millennials are also far more likely than the previous generation to engage in long-term financial planning at 29% among Millennials compared to 19% of 35- to 54-year-olds. While employers are all increasing their financial […]
June 8, 2017

Study: Only 20% of Americans Have Disability Insurance

According to a new study commissioned by the Million Dollar Round Table (MDRT), even families who appear financially stable are not always protected against risk. Nearly half of Americans say they could only maintain their existing lifestyle for 3 months or less if they were to lose their primary source of income and even fewer have insurance products like life insurance and long-term disability insurance to protect against risks. The study found 61% of families would need to assume debt if they lost the primary wage earner in their family while 38% would have at least $10,000 in debt. Just […]
May 1, 2017

Long Term Disability & Mental Health Issues

It can be very challenging to get long term disability benefits for mental disorders, even though you may still be eligible. The reason is mental illness typically doesn’t show up on diagnostic tests and the severity of the condition can be difficult to measure objectively. LTD claims processors are not licensed psychologists and often fail to understand the true limitations of a mental illness. They are typically quick to deny disability claims for mental illness because the disease does not show up on a blood test. Many disability insurance adjusters also fail to understand that many mental illnesses have a […]
April 7, 2017

Trump’s Budget Director Attacks Social Security Disability As “Very Wasteful Program”

On a recent appearance on Face the Nation, Trump’s budget director, Mick Mulvaney, finished his interview with an attack on Social Security and Social Security disability in particular. “Do you really think that Social Security disability insurance is part of what people think of when they think of Social Security? I don’t think so,” Mulvaney said. “It’s the fastest-growing program. It grew tremendously under President Obama. It’s a very wasteful program, and we want to try and fix that.” The truth is that while Social Security retirement enrollment has continued to increase at a steady pace since 2008, disability is […]