Getting Social Security Disability Benefits While Collecting Unemployment

If you have lost your job, and are collecting unemployment benefits, can you seek Social Security disability insurance (SSDI) benefits, too? Yes, you're entitled to SSDI if you are disabled and can't work. Go ahead and apply if this is your medical situation. Do it soon, before you run out of unemployment benefits. But, be aware that applying for disability while collecting unemployment is risky.Can You Work?To collect unemployment benefits, you must commit to your state labor department that you are able to work and are actively looking for work. When you apply to the Social Security Administration (SSA) for disability benefits, you are admitting...

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What Professionals Need to Consider When Purchasing Long Term Disability Coverage

Part 1 of 3For the majority of successful professionals such as physicians, dentists, attorneys, investment bankers and other high-income executives, the purchase of long-term disability policy is generally regarded as a necessity rather than an option. As incomes increase over the years, families grow, and expenses escalate, and the possibility of losing that substantial income due to a disability can be daunting and difficult to face.As a result, here are some tips for high-earning professionals considering purchasing a disability policy and some pointers for those who may have already purchased coverage:1) Know THE ODDS- According to the...

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What to Expect When Applying For Individual Disability Insurance

Disability insurance provides working professionals with protection against the financial risk of someday being unable to work due to a sickness or injury. If a sickness or injury prevents you from working, disability insurance can provide monthly benefits intended to replace a percentage of your pre-disability income. In order to obtain an individual disability insurance policy consumers should be in fairly good health and must undergo a process known as underwriting. For consumers interested in obtaining coverage, below is an explanation of what you should expect during the application process.Completing the Application for Insurance There...

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Advantages Of Taking Up Individual Disability Insurance Cover

Among the advantages of having individual disability insurance is financial support and help that is issued to your family members by the social security. Employers can secure this type of cover for their workers. This type of cover makes sure that a disabled individual together with the family get support for a certain period that the insured person is disabled. Getting this type of cover poses very many advantages to the insured.This cover acts as protection. Statistics state that there is a thirty percent chance that you can be disabled when you get to the age of sixty. Not all employers assure the workers of getting them this type of cover....

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