I recently wrote an article for our newsletter that may alarm you. Many people who earn large salaries and have a Group Long Term Disability Plan think they will have 60% of their earnings replaced by that plan when they are disabled. The reality is you may have less than 30%. Here is the article. […]
Making over $75,000 and have Group Long Term Disability? May not be enough. Read on. . . Read More »
I have group Long Term Disability Insurance. I’m okay, right?? The short answer is maybe but probably not. The good news is that you have some disability insurance. The bad news is you may have less than you think. If you make less than $50,000 then group long term disability insurance (LTD) is probably
Don’t get caught in the Group Long Term Disability Trap! Read More »
October is Disability Awareness Month Did you know two-thirds of American families live from paycheck to paycheck. 3 of 10 workers entering the work force today will become disabled before retiring. Only 39% of the 2.1 million workers who applied for SSDI benefits in 2005 were approved. Despite these facts most families do not protect
Do you have Paycheck insurance? Read More »
How long can you go without your paycheck? Consider the following. . . 75% of Americans are living paycheck to paycheck according to a survey by Bankrate.com If you have saved 10 percent of your income each year, one year of being totally disabled could wipe out 10 years of savings. The Federal Home
Do you have Paycheck Insurance? Read More »
It is time once again to pick the best of the best! For the last four years, Spencer Insurance Agency has been the #1 Insurance Agency and #1 Life Insurance Agent in the Montgomery Media’s Reader’s Choice Awards. We thank you for making that possible. Help us make it five years in a row. Vote for
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I always enjoyed math, but this is scary. Many employees rely on their employer’s Long Term Disability Plan to provide income for their family if they become disabled. Thankfully many companies offer this valuable benefit. However, if you make over $75,000 a year, be sure to read the fine print in your employee benefits manual
When is 60% only 30%? Beware of your Employer’s Group Long Term Disability! Read More »
Spencer Insurance Agency, Inc., an independent insurance agency, provides life insurance, disability insurance, auto insurance, home insurance, business insurance, and umbrella coverage.
