Mutual insurer Folksam has launched customizable child insurance to combat potential economic pressures, improve coverage for Sweden's youth, fill a protection gap, and provide a financial safety net. Folksam aims to cover accidents and illnesses and provide financial support for children with permanent disabilities. Potentially, over 1.5 million Swedish children lack individual child insurance, leaving them vulnerable to disability income limitations. Some might question the morality of such insurance, asking if it is right to insure children this way. My view is that it makes sense to seek protection. The financial burden of caring for a sick child can be great, and insurance can help provide peace of mind if the unthinkable happens. Folksam ICMIF #insurance https://lnkd.in/eggVzP_w
Dr Graham Spriggs ACTA, FCII’s Post
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In the world of financial planning, conventional wisdom often revolves around safeguarding one’s income through disability insurance. At Prevail, we take a distinctive approach – one that aims not just to secure your present but to empower your future. As specialists in income continuation, we’re here to guide you on a path to sustainable wealth, where disability insurance becomes a choice rather than a necessity. Learn more: https://lnkd.in/gar6xZKe Contact our team of advisors today to get started: riseabove@prevailiws.com | 913-295-9500 Follow us on YouTube: https://lnkd.in/geVs4QCH #disabilityinsurance #financialplanner #advisor #financialfreedom #financialtips
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🛡️ Secure Your Future with Disability Insurance! 🛡️ Did you know that disability insurance plans provide essential income protection if you're unable to work due to illness or injury? 🏥 These plans ensure that you and your loved ones have financial security during challenging times. 🌟 🔹 Why Choose Disability Insurance? Income Protection: Maintain your standard of living even when you're unable to work. 💵 Peace of Mind: Rest easy knowing your finances are taken care of. 🧘♂️ Family Security: Safeguard your loved ones' future. 👨👩👧👦 👨⚕️ Connect with Pparag Findoc, the Financial Doctor, to learn more about how disability insurance can help you! 🌟 #DisabilityInsurance #IncomeProtection #FinancialSecurity #PeaceOfMind #FamilySecurity #InsuranceMatters #PparagFindoc #FinancialDoctor #SecureYourFuture
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Prepare for the unexpected with disability insurance to safeguard your income. Disability insurance replaces a portion of your income if you become unable to work due to illness or injury. It provides financial stability by covering essential expenses like mortgage payments, utilities, and daily living costs during recovery. Choose a policy with a waiting period and benefit period that aligns with your financial needs and employment benefits. #DisabilityInsurance #IncomeProtection #AskBrennon #Brennonmwilson
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Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) both allow working beneficiaries to deduct certain work-related expenses from their countable income, making it easier to qualify for benefits or, in the case of SSI, to receive a larger payment. #SSDI #SSI #TresiWeeks https://bit.ly/3WcLBme
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Disability income insurance helps protect you from financial losses if an accident or illness renders you incapable of working and receiving regular income. Is disability income insurance worth it? Long-term disability insurance is the easiest and most affordable way to protect your income. If you're suddenly hurt or sick and can't work, your long-term disability benefits can help make up your lost earnings — even if you can never work again. #themoreyouknow #DisabilityIncomeAwareness
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📢 We're halfway through our myth-busting series for Disability Insurance Awareness Month. Here’s another common misconception. 🛑 Myth: "I Can Rely on Savings Instead of Disability Insurance" ✅ Fact: Savings may fall short in the face of long-term disability, highlighting the need for insurance. The average duration of a long-term disability is 2.5 years, which can quickly deplete savings. Ensure a continuous income stream by investing in disability insurance. #DisabilityInsurance #FinancialPlanning #InsuranceAwareness
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Did you know that Disability Insurance is more affordable than your clients might think? It's a crucial form of coverage for individuals facing illness or injury that renders them unable to work, yet still have financial obligations to meet. Identifying the target market for Disability Income insurance is essential. They include: -Couples aged 30 to 50, -Adults earning between $75,000 to $300,000 annually, -Adults with dependent children living at home or in college. Be sure to inform your clients about this vital coverage option to safeguard their financial stability in times of need. #DisabilityInsurance #ProtectYourIncome
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Did you know that it's Disability Insurance Awareness Month? This is the perfect time to reflect on the benefits that this type of insurance can offer you and your family. In 2023, 30% of Americans would struggle to pay an unexpected bill of $400 without having to use a credit card, borrow money from a bank, or ask a friend for help.* This is where employer-sponsored disability insurance comes in, as it helps protect you against financial vulnerability in case of an accident or illness. Consider adding disability insurance to your benefits package during your next open enrollment to secure your financial future! Read more: https://ow.ly/TQUU50Rmn9g *https://lnkd.in/ehFBAvq #TrustMarkIII
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Did you know? Nearly 50% of adults say that if disabled, they couldn't cover an unexpected $400 bill without taking out a loan or selling personal property. Let's raise awareness this Disability Insurance Awareness Month about the importance of having financial protection in place. Disability insurance can provide peace of mind and financial stability when you need it most. #DisabilityInsurance #ProtectYourFinances #DIAM
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📢 This week, we're debunking common myths about disability insurance to conclude Disability Insurance Awareness Month. Stay tuned over the next few days for valuable insights! 🛑 Myth: "I Don’t Need Disability Insurance Because I’m Young and Healthy" ✅ Fact: Disability doesn't discriminate based on age or health. Statistics show that 1 in 4 adults will face a disabling condition before retirement, encompassing a range of ailments from chronic illnesses to unexpected accidents. Protect your financial future now! #DisabilityInsurance #FinancialPlanning #InsuranceAwareness
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8moI’ve recently reconnected with the youths with chronic illnesses whom I had worked with in my first career as a medical social worker. Our conversations broached this subject of how having to ask for financial assistance and having to portray themselves as leading a life consisting only of the basics in order to qualify for financial assistance strip them of whatever is left of their dignity. It was as if they should just be content to survive and not be able to enjoy the pleasures of life not robbed by a lifelong illness—they can’t be seen eating at a fancy restaurant, going on vacations, and so on without being questioned. Hence, this insurance struck me as a solution for such predicament because the costs of chronic illness and disability go beyond purely medication and treatment.