E-seminar review: Disability insurance

In the informative e-seminar, Disability insurance and retirement planning, Mike Diers and Nick Hague cover disability income benefits, estimated costs associated with them, and the importance of planning for the future. Diers has more than 31 years’ experience in financial and retirement planning and investment management. Hague, president of Lifetime Financial Resources, advises on life and health insurance products that include long-term care planning, annuity solutions, and life insurance.

The seminar begins with how to protect a person’s income and financial future. It’s important to have a solid base, starting with the foundation and moving up. Diers says, “Sometimes we don’t think about being disabled and not being able to work. If you don’t have disability coverage, how will you replace your income? Chances of disability are greater than you think,” he adds. Diers also reviews the importance of income protection and reminds court reporters that even if an employee offers long-term disability, it’s only a percentage of our current salary.

Hague continues with the rest of the seminar and discusses how income is our most valuable asset. He states, “If something happens to you, how will your family replace your earning power? Life insurance is the best option to supplement some of that income loss.” Hague reviews how to determine how much life insurance is needed by analyzing goals and objectives. He also discusses the different types of insurances and their advantages and disadvantages.

This e-seminar is now available.

Note: The retirement planning part of the e-seminar will now be part of a separate e-seminar at a later date.