Have You Reviewed Your Statutory Disability Plan?

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Employers do not often put much thought into their statutory Short Term Disability (STD) plans. For employees working in New York & New Jersey, HR professionals allow the state to implement state STD plans to meet statutory requirements and do not conduct any additional due diligence. While this approach may satisfy statutory requirements, I think there are… [Read More]

What Happens If You Live Too Long? Longevity Annuities Are the New Tool in Long-Term Planning

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When my New York Mets were playing the Chicago Cubs for the National League pennant last month, I was reminded every day that the Cubs were predicted to win the World Series in 2015 according to Back to the Future. Coincidentally, I started my career 30 years ago by advising clients on how to pay… [Read More]

Bring It All Together: Bundling Life, Disability and Medical

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When I sit down with a new client and ask which carriers they partner with for Life, Accident, Short Term Disability (STD) and Long Term Disability (LTD), the response that I hear the most is a lack of cohesive strategy; a few different insurance carriers administering different combinations of coverage. This means that coverages are disconnected… [Read More]

I Need Coverage Now!

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The landscape in which I advise clients is navigated by means of medical and financial underwriting.  Carriers assess the mortality or morbidity risk (sometimes both) of each client on an individual basis.  This typically involves the submission of a medical exam as well as relevant records obtained from any physicians consulted.  The underwriters will also… [Read More]

Death and Taxes, Well Sure…

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Disability? That only happens to the other guy, right? How many times in your life have you been so lucky–the fender-bender that could have been a disaster, stepping off a curb as a taxi whizzed by! Well, consider those moments a cautionary prompt for the value of disability insurance. Here’s what I often tell clients: One… [Read More]