Do you know what you have, and do you have what you need?

Disability Insurance


Click on the following links for informational videos:

 Disability Insurance for Individuals and Families (3 min)
 Disability Insurance for the High Wage Earner (1.5 min)
 Disability Insurance for Small Businesses (2.5 min)


When you hear that someone is in a car accident or has a back or neck injury are you really surprised? When someone is diagnosed with cancer? Are you really surprised?It's always heart wrenching but are we surprised? 


We are healthy until we are not, and the only time we are surprised is when it happens to us! 


Linda Thalheimer has been specializing in insurance since the year 2000.  With over 30 years of experience as a health professional and a licensed insurance adviser, Linda helps people evaluate what they have, and what they need.  Her knowledge and experience in understanding medical and contact language help you get what you want at the best rating at the best pricing with the best companies.




Do you have a plan if you couldn’t work because of an illness or injury?  How long could you or your family manage without your income? How long could you continue to pay your mortgage? Would your family have to change their lifestyle? For most, the thought of becoming disabled is so catastrophic, it is denied.  Some may fool themselves that the government supports us in a catastrophic situation.

SS disability insurance is the government plan for total disability.  It is only for those who can prove or have already been disabled, unable to work in any profession, for 12 months.  And most applications are denied after first submission.  And this description comes straight from the government website.  So even the government is making no illusions that SS disability t is easy to get or that it will be there when you need it.

The truth is that during the course of your career, you are three and a half times more likely to be injured and need disability coverage than you are to die and need life insurance.

Fact: At no age is the risk of death greater than the risk of becoming disabled.

Likelihood of disability over death before age 65:

Age

Likelihood 

30 

4.0 to 1

35 

3.5 to 1

40 

2.7 to 1

45 

2.1 to 1

50 

1.8 to 1

55 

1.5 to 1


In the last 20 years, deaths due to the "big three" (cancer, heart attack and stroke) have gone down significantly. But disabilities to those same three are up dramatically! Things that used to kill, now disable us.

As the following table illustrates, deaths have decreased while disabilities are up dramatically. For example, the numbers of deaths due to hypertension have decreased by 73%, yet disabilities due to hypertension have increased 70%.


Cause

Death 

Disability

Hypertension 

down 73%

up 70%

Heart Disease 

down 28%

up 44%

Cardiovascular 

down 48%

up 36%

Diabetes 

down 27%

up 36%

All Four 

down 32%

up 55%

Statistical information derived from: the Society of Actuaries, the National Safety Council, the Million Dollar Round Table, the National Underwriter-May 2002, the JHA Disability Fact Book, 2003/2004 Edition, Need for Disability Insurance

Ideally, we would all want a comprehensive disability policy to replace our income for the duration of our working years.  But for those of you who live from paycheck to paycheck, or are thinking about disability insurance at older ages, the premium may seem unmanageable.  However there are options.  A 2 year disability policy may give you the peace of mind that you need at about half the cost.  A 2 year disability policy is the critical time period for filling the gap until SS disability kicks in.  It may also be all you need for a shorter term disability.

The maximum SS disability benefit is less than $3,000/month, so for higher wage earners, a comprehensive, full term disability policy is needed.  Individual disability policies can be added to employer sponsored programs to bring income up to approximately 60% of net income tax free.

The first step is helping you to understand the protection your existing insurance provides and advising you on options that meet you needs.  Linda is dedicated to helping people protect what is most important, and providing the most comprehensive, cost-effective options to meet your goals.