Tag: disability insurance

July 8, 2016 by Brad Gunning

Common Retirement Mistakes

The USA Today published an article titled Seven Big Mistakes Couples Make in Retirement. While the agents at Montana Life Group likely can’t help with Mistake #1 (couples that never talked to each other about retirement), we certainly can be a useful tool in avoiding Mistakes #3 (couples that didn’t do proper financial planning), #4

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June 29, 2016 by Brad Gunning

What are the Best Disability Insurance Riders?

If you’ve spoken with an insurance agent about disability insurance, the topic of “riders” has probably come up. A rider is essentially an “add-on” to an insurance policy. The rider provides additional coverage not included in the basic disability insurance policy. Of course these riders aren’t free. There’s an increase in monthly premium associated with

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June 22, 2016 by Brad Gunning

Long-Term or Short-Term Disability Insurance?

You’ve decided to protect your income with a disability insurance policy. But the inquiry does not stop there: what type of disability insurance do you want? While eventually you’ll have to potentially evaluate features such as own occupation disability insurance, a guaranteed renewable policy, and non-cancelable disability insurance, today we’ll focus on a more preliminary decision: long-term or

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June 15, 2016 by Brad Gunning

Should a Lawyer Have Disability Insurance?

Should a lawyer purchase disability insurance? Most lawyers will be familiar with the answer: it depends. The reason anyone has disability insurance is to protect their income. If a lawyer (and this goes for any occupation, really) is independently wealthy and doesn’t rely on their income to make ends meet, then disability insurance doesn’t make a

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June 11, 2016 by Brad Gunning

Top 15 Occupations Purchasing Disability Insurance

What are the most common occupations enrolled in disability insurance? A common question among many of our potential disability insurance customers is “Is my occupation one that typically gets disability insurance?” So we thought it might be interesting to pull back the curtain a bit and write a blog detailing the occupations that are most

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March 29, 2016 by Brad Gunning

Tax Implications of Disability Insurance

We’re in the heat of tax season and you might be wondering about the tax implications of your disability insurance. This blog post will focus specifically on whether long-term disability insurance is considered taxable. For a more in-depth analysis, please check out the IRS website regarding taxing disability insurance. The first dividing point in determining

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June 8, 2015 by Troy Baccus

How Does a Disability Insurance Policy Work?

I cannot stress enough how important it is to buy a strong disability insurance plan. I’ve posted blogs in the past on the topic and I could drone on and on about how your income is your most important asset. If you want to get into statistics and read a bunch of horror stories then

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May 5, 2015 by Troy Baccus

Disability Insurance Myths

A few years ago, Forbes published an article entitled “5 Myths About Disability Insurance.”  We couldn’t agree more with most common disability insurance myths set forth in Ashlea Ebeling’s article and suggest you give it a read.  In short, Ms. Ebeling noted some common misconceptions regarding disability insurance: you won’t ever need disability insurance worker’s compensation will

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December 17, 2014 by Troy Baccus

What if a business owner gets hurt?

If a business owner gets seriously injured or sick how does the business operate? How does it pay its bills? Does the business dissolve, get sold, or continue to run? These are important questions; especially if you own your own business. There are specific types of insurance designed to financially help business owners if they get

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July 14, 2014 by Troy Baccus

Don’t Wait Until It’s Too Late To Purchase Insurance

This isn’t a fun blog post, but it’s an important one.  Most people know that the best time to purchase an insurance policy is when you’re young and healthy.  We’ve written blog posts about it in both the life insurance and disability insurance context. Purchasing insurance when you are healthy is the best way to

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