1. By: Dana, Whitney, Alexis, Dylan

2. Disability Insurance  Pays benefits when insured becomes unable to work Long term or short term illness or injuries  Can be combined with life/health insurance  Covers percentage of income  Tax free

3. Options in Choosing  Short term After 14-21 day waiting period Just enough to get person back to work Pays 2-3 years  Long term “Guaranteed renewable” ○ Can and will be renewed every year BUT the insurer can and will change the policy; very expensive

4. Continued  Non-cancelable Can’t be canceled by the insurer (unless premiums not paid) and premium & benefits stay the same

5. Provisions  Partial Disability Lets you go to work part time  Cost of Living Adjustment Increase policy benefits over time based on cost of living  Benefit Coordination Eligible of other benefits like social security  Waiver of Premium Waives the requirement that the insured pay the policy premium

6. Why We Need It  Get long term or short term illness/injury Won’t end up going homeless Won’t fall into debt

7. Workers Compensation  Employee gets hurt on the job Still gets paid while they are unable to work  Every business has to provide workers comp.  Business decides what type of insurance to get

8. Why We Need It  Get hurt on the job Can’t work Need money  Example: Alexis’s Dad

9. Costs  Disability % of your income No more than 60-70% of taxable income  Workers Compensation Business pays for it Until you are healthy

10. Specific Cost Examples  30 year-old Female ○ $217/ year Male ○ $155/ year  40 year-old Female ○ $262/ year Male ○ $211/ year  50 year-old Female ○ $387/ year Male ○ $292/ year

11. The Specific Examples Cover:  Monthly benefit of $1000  Benefit period of 5 years  Guaranteed renewable policy

12. Sources  Rose, Sarah F. “Crippled” Hands: Disability in Labor and Working- Class History.”Labor: Studies in Working-Class History of the Americas Vol. 2, No. 1. Spring 2005: 27-54. SIRS Issues Researcher. Web. 16 Dec 2011.  Boop, Gregory. "Business Insurance- Disability Insurance. " www.about.com.” N.p., n.d. Web. 15 Dec. 2011..  Tarpinian, Greg. “Workers’ Comp Fraud: The Real Story.” TRIAL. March 1999: 80+. SIRS Issues Researcher. Web. Dec 16 2011.  Boop, Gregory. "Business Insurance- Disability Insurance. " www.about.com.” N.p., n.d. Web. 15 Dec. 2011..