Sumber : Malaysiakini
small business disability insurance
for healthcare professionals who recognize the difficulties that disabilities can impose on an individual. Disability insurance for self employed contractors is also a good idea, considering the many dangers that exist in contracting work. The actual product doesn’t get any more complicated, but figuring out how much coverage you can get does get a bit more complex.
For people who have a regular 9-to-5 and collect a paycheck, figuring out how much coverage you need is easy — you take your income, figure out how much you get after-tax, and apply for that amount of coverage. But when you work for yourself, it’s not as easy to come up with a clear cut number of how much money you make.
As you know, your business’s income is rarely a consistent number every month or even every year. When you apply for LTD coverage as a small business owner, you need to present documents to your insurance company to justify your chosen coverage amount. (Nine-to-fivers have to do this, too, but obviously they have a more clear-cut path here.
) Disability insurance ranks right up there with life insurance as an essential business expense. In fact, there’s a good chance you may actually need that disability insurance someday. According to the non-profit insurance organization Life Happens, there’s about a 30% chance that you’ll suffer some sort of disability that keeps you out of work for 90 days or more at some point in your career.
Even more alarming: One in four of today’s 20-year-olds will become disabled before they retire. Something also worth noting: 90% of disabilities are caused by illnesses and not accidents, according to Life Happens. they retire. Something also worth noting: 90% of disabilities are caused by illnesses and not accidents, according to Life Happens.
that amount of coverage. But when you work for yourself, it’s not as easy to come up with a clear cut number of how much money you make. As you know, your business’s income is rarely a consistent number every month or even every year. When you apply for LTD coverage as a small business owner, you need to present documents to your insurance company to justify your chosen coverage amount.
(Nine-to-fivers have to do this, too, but obviously they have a regular 9-to-5 and collect a paycheck, figuring out how much you get after-tax, and apply for that amount of coverage. But when you work for yourself, it’s not as easy to come up with a clear cut number of how much money you make. As you know, your business’s income is rarely a consistent number every month or even every year.
When you apply for LTD coverage as a small business owner, you need to present documents to your insurance company to justify your chosen coverage amount. (Nine-to-fivers have to do this, too, but obviously they have a regular 9-to-5 and collect a paycheck, figuring out how much you get after-tax, and apply for that amount of coverage.
But when you work for yourself, it’s not as easy to come up with a clear cut number of how much money you make. As you know, your business’s income is rarely a consistent number every month or even every year. When you apply for LTD coverage as a small business owner, you need to present documents to your insurance company to justify your chosen coverage amount.
(Nine-to-fivers have to do this, too, but obviously they have a more clear-cut path here.) Disability insurance ranks right up there with life insurance as an essential business expense. In fact, there’s a good chance you may actually need that disability insurance someday. According to the non-profit insurance organization Life Happens, there’s about a 30% chance that you’ll suffer some sort of disability that keeps you out of work for 90 days or more at some point in your career.
Even more alarming: One in four of today’s 20-year-olds will become disabled before they retire. Something also worth noting: 90% of disabilities are caused by illnesses and not accidents, according to Life Happens. In fact, there’s a good chance you may actually need that disability insurance someday.
According to the non-profit insurance organization Life Happens, there’s about a 30% chance that you’ll suffer some sort of disability that keeps you out of work for 90 days or more at some point in your career. Even more alarming: One in four of today’s 20-year-olds will become disabled before they retire.
Something also worth noting: 90% of disabilities are caused by illnesses and not accidents, according to Life Happens. it’s not as easy to come up with a clear cut number of how much money you make. As you know, your business’s income is rarely a consistent number every month or even every year.
When you apply for LTD coverage as
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