Dale and Diana


Dale and Diana

Diana and Dale had an amazing blended family with successful careers and respect from the community. Dale purchased life insurance and disability insurance to make sure he covered death and injury. Without the policies that Dale purchased early in the marriage, the family would not have be financially secure and been able to continue living within the lifestyle they were accustomed to.


Health And Retirement

In planning for your retirement, buying disability, health or long-term care insurance is important. The insurance company would usually want to know a lot about you. You will be classified based on your habits, medical records and family history.

You have to have an underst anding of your own health. The biggest factor in determining the insurance cost is your health.

Here is some advice from insiders to get the best health ranking possible at lowest possible rates:

1. Tell the truth

Hiding some facts on your health will not help you. First, the insuring company will eventually find out because they do have your records. They will presume that the problem is serious, since you did not mention it. Worse, withholding info the company regards as important could lead to the cancellation of your policy.

Give the insurance company your complete health history. But do it under your own terms. For example, don’t just say that you have high blood pressure. Inform them that you have been diagnosed with high blood pressure several years ago and have kept control of it.

Give them complete information and reduce the uncertainty, then eventually you would get a good deal.

Be careful on how you say things, a hesitant answer would seem that you are hiding something. Be as clear as possible with your replies.

Ask what the ranking is based on. There would generally be criteria in determining the health ranking and it varies from one company to another. Determine your ranking in a specific company and why. This helps you get a better picture and hopefully and decrease your premium. Canvass for the best rates possible but know that the rate is just one consideration.

2. Your doctor can help.

Inform your physician. Insurance companies would want to talk with your physician and look at your records. If not that, they would at least look at your records at the Medical Insurance Bureau.

Your best move is to inform your physician that you’re applying for insurance. A forewarning helps in ensuring that the insurance company gets noticed and gives you in return a favorable rating.

Ensure that the company gets a complete record, especially if you have moved from one doctor to another. The insurance company wants all of your health records to get a complete idea of your state of health.

Inquire discretely. Too much inquiry might raise a red flag on you. Try to get an agent to do the shopping for you. Choose your insurance broker carefully. Just like other professionals, they’re not created equal.

Disability Insurance

Disability can occur at any time. While many people take their body and health for granted, serious accident or injury can happen to anyone and if you find yourself disable, for a short period or long term, how will you cope?

Disability insurance is a sub set of health insurance that will provide the holder with income should they become disabled and thus unable to continue earning a living. If this were to happen to you, do you know what you or your family would do for income?

If you are aged 40, there is a higher chance that you will be disabled, and thus unable to work for a period of 90 days or more, than of you dying before the age of 65. There are three common ways of insuring against this risk.

Employer’s Insurance

The first is to receive insurance from your employer. This is required by law in many states. It comes as a form of short or long term paid sick leave. Larger employers can have even more generous terms. For example, a common policy might offer you 60% of your salary for five years, or maybe even all the way up to retirement. While not everyone is lucky enough to work for such a company, it is worth checking with your employer to find out what your protection is and whether or not its something you wish to provide for yourself.

Long Term Disability

The second common protection against this type of risk is social security and disability benefits. This usually only covers employees whose disability lasts for a period of 12 months or more. It also must be shown to be so severe that you cannot find gainful employment. Therefore there are some gaps here that you may be more comfortable providing for with private insurance.

Individual Policies

The third method of dealing with this risk is with an individual disability insurance policy. This means taking out a private insurance policy yourself. You should shop around to make sure you get the best deal available, but at least you will have the peace of mind of knowing in what circumstances you are covered and what the terms of the policy cover.

There are some other sources of protection. Workman’s compensation policies will sometimes step in to cover you if the injury occurred at work. Auto insurance may provide coverage if the injury occurred in a car accident and the Department of Veteran’s affairs can advise you if you think the disability is related to service in the armed forces.

Why I Love Disability Insurance

Disability insurance is one of those provisions that you just know you will never need, but you buy it any why. As I neared retirement I had to have surgery, and this surgery would not allow me to continue in the career job I had been into for over 35 years.

I had five years before retirement and still had a mortgage on my home for at least ten more years.
When I took out my mortgage 20 years ago, I had purchased a mortgage insurance policy for my house. This insurance is now paying my monthly mortgage payments. I never felt that me of all people need this kind of coverage. To tell you the truth it was a wise decision on my part. No one can foresee what is going to happen in the future.

Fortunately for me my employee disability insurance is paying me 60 percent of my baseline wages per month. Some policies may differ sightly, but this what my policy paid. This helped me a great deal when I added it to my wife’s income.

I applied for Social Security Disability and was awarded full retirement. Along with my mortgage insurance, my wife and I are going to be all right. I highly recommend disability insurance. You never know what the future holds, so it is best to be protected. You may be sorry if you do not take the proper steps to secure your future with disability insurance.

Can I insure my income? (yes with Disability Insurance)

Did you know there is insurance that can pay you NOT TO WORK?

When I first heard that such a thing existed, immediately my mind went into overdrive. “Insurance that will pay me NOT to work”. There must be a catch.

You see, previously I had heard about this other thing called life insurance. As it turns out you had to die to collect, and that wasn’t for me. But this new stuff would pay me not to work, and I didn’t have to take a dirt nap.

It is called disability insurance, and it will make payments directly to you if you can’t work due to a disability. This had promise, I thought. People after all have referred to me as having a multitude of disabilities. Seems none of those qualified however.

So, I started doing some more research. Seems disability insurance can be tied into something called “significant gainful activity”. It’s referred to as SGA in the business. Anyway, if I have disability insurance and I have “…an impairment, either medical, psychological, or psychiatric in nature” that keeps me from being able to do substantial gainful activity, than I am sitting pretty. Of course I would have to check to see if "sitting pretty" is a gainful activity.

My mind was spinning again. Which one should I choose?

Medical? “Sounds uncomfortable” I thought.

Psychological? No, I can’t wrap my brain around that one.

Psychiatric? “Hmmm, this has potential.” I said aloud. I quickly looked around to see who was paying attention to me, but they disappeared.

“Naw, they would never go for it.”

Why Do You Need Disability Coverage?

I read an interesting article on the Fortune magazine website: Don’t Let Illness De-rail Your Retirement. I thought I would share some of the information with you.

Everyone knows about the importance of planning for retirement, and most people underst and the importance of having life insurance in case the unthinkable happens. But many people don’t give much thought to what might happen if they are injured while still working and saving toward retirement. They can’t work, so obviously investing is on hold, and they weren’t killed, so life insurance is of very little help. It’s a difficult qu andary to be in.

According to the Society of Actuaries, one in three American workers will suffer an injury which will prevent them from working for three months or longer. If this was you, how would you replace that income? And don’t think that just because you don’t perform dangerous activities like skydiving or motorcycle riding excludes you from this statistic; according to the Consumer Federation of America and Unum, 90 percent of those who miss work do so due to health issues such as cancer and back problems.

So what can you do to keep you family from suffering what could be a catastrophic loss? Long-term disability insurance can help bridge the income gap. Most employers offer long-term disability coverage to their employees, but those policies only offer 10 percent of the covered person’s income. Purchasing a individual long-term disability policy can get you coverage of up to 70 percent of your pre-tax income. And you can opt to select “own occupation,” which will allow you to collect disability even if you could work another job. For example, if you were a airline mechanic that could work a desk job, you won’t be forced to take a job you don’t want while you recover enough to go back to the job you loved.

So contact us and let’s get you started with the coverage you need.

“He Was Careful About What He Did, With a Keen Attention to Detail”

Dale Geistler died in November 2003 at the age of 55 after a two-year battle with leukemia, leaving behind his wife, Diana, and four children. As a self-employed manufacturer’s representative, Dale, worked out of his home yet his effervescent personality made him a friend and colleague to many. Perhaps due to the care with which he approached life, he purchased a whole life insurance policy from his insurance agent, including a disability insurance plan. He began construction of his dream home: a log cabin in Juniper Hills, CA.

In November 2001, Dale was diagnosed with leukemia and his disability benefits became active. He and Diana were able to seek out specialized treatment secure in the knowledge that his income continued to support the household. Sadly, Dale died two years after his diagnosis. His attention to detail still serves Diana through income investments.