Norwood Business Portal

Have you been thinking about obtaining an Illinois group health insurance policy for your business? These plans are generally offered by employers as part of an employee benefits program. A great benefits package may be essential to getting well-educated and skilled new hires. Before you apply for a plan, there are a couple of items [...]

Beyond Rock, Paper, Scissors If anyone is able to go through business and legal affairs today without having a dispute, he or she should write his or her own book. You will find, unfortunately, that disputes about all sorts of things (most of which come down to money) are a part of everyday life. The [...]

The period of contestability is the period within which the insurance company may challenge the validity of your application and deny your claim if something is incorrect. Since disability policies are based on representations that are made by the person obtaining the insurance, there is always the possibility of a challenge to your representations at [...]

The benefit of disability payments (usually monthly payments) is critical. Of course, the higher the benefit, the higher the premium. Try to get sufficient coverage so that together with your other items of income, you will be able to live at a satisfactory minimum standard. Be aware that disability payments are taxable if the premium [...]

As with life insurance policies, getting proposals from at least three good companies should give you a reliable idea of what is sensible for you to pay.

If disability insurance coverage is not available to you through an association, your next move is to find a good independent broker. It is important to understand something about brokers in order to do this. Three kinds of people sell insurance. The first are people who are employed by an insurance company to sell its [...]

Disability insurance that is provided and paid for in part by your employer is a no-brainer. The chance that you will be able to get better disability insurance at a cost you can afford is unlikely. Unless there is something clearly wrong with the disability insurance an employer is offering, an employee who wants to [...]

Eligibility for Social Security and Medicare at the time of disability is a very technical matter. It depends in part on your condition, in part on how much you have paid into the Social Security trust fund, and in part on some other matters. Hopefully this is something your accountant will be able to help [...]

Disability, like illness or injury, is a very serious problem for anyone. It is particularly serious for people who need to earn money to support themselves and perhaps others. Unfortunately, the possibility of disability is difficult to deal with. If you are one of the fortunate people who works for an employer that offers participation [...]