More employees should inquire about this cost effective option for paycheck replacement. It has saved peoples financial future. My mother-in-law had it, and when she suddenly became disabled, it saved her house! None of her children knew she had this, but because she did, we all went and requested it from our own employers! Why don't more people know about this option?
2006-06-28 03:37:23 · 6 answers · asked by Anonymous in Business & Finance ➔ Insurance
Because too many people are short-sighted, and would rather have an extra $5 in their pocket to spend today, than invest it in their future.
2006-06-28 05:45:05 · answer #1 · answered by Anonymous 7 · 1⤊ 0⤋
If that type of insurance is inexpensive, it's because the insurance company has calculated the chances of pay out as slim. A person would have to be prove disability as defined by the coverage and the coverage would probably be excess to any other coverage they have.
Many people have the same types of coverages through their employers. Before buying any supplemental coverage, one should check to see what they already have.
2006-07-02 08:56:57 · answer #2 · answered by C R 3 · 0⤊ 0⤋
Most company pay the premiums for you - I know mine does and covers 5 time my base annual salary up to $500,000 and that is very nice. But then again my companies benefits are great.
2006-06-28 03:41:53 · answer #3 · answered by jessica 4 · 0⤊ 0⤋
Most do-- but many people live pay check to pay check and don't take it out as it cost $$
2006-06-28 03:42:05 · answer #4 · answered by golferwhoworks 7 · 0⤊ 0⤋
It is more effective but more of a hassle for the company.
2006-06-28 03:40:26 · answer #5 · answered by jessigirl00781 5 · 0⤊ 0⤋
The Cost!!!!
2006-06-28 03:41:17 · answer #6 · answered by mlhoffm1 1 · 0⤊ 0⤋