Smith Julian Workplace Solutions
Individual Disability Insurance (IDI)
Individual Disability Insurance (IDI) is a crucial safety net designed to protect professionals, especially those earning over $50,000 annually, against the financial consequences of a disabling illness or injury that prevents them from working. As higher earners generally have greater monthly expenses and financial responsibilities, the impact of losing their income can be particularly severe. IDI policies provide a replacement income during periods of disability, ensuring that individuals can maintain their standard of living, cover essential expenses, and support their families.
Additionally, IDI is vital because it offers coverage that is more comprehensive and specific than group policies provided by employers. These policies are individually tailored to meet the unique needs of the insured, providing more flexibility and often broader coverage. Importantly, IDI benefits are typically tax-free if the insured pays the premiums themselves, further enhancing the value of the benefit received.
For anyone making over $50,000, investing in Individual Disability Insurance isn't just a financial decision; it's a proactive step towards long-term financial stability and peace of mind. It ensures that, regardless of health, their financial goals and lifestyle can be preserved, making it an essential component of a robust financial plan.
Already have a plan?
Get a free second options to make sure you are covered for the future!
Long Term Care Insurance (LTCI)
Long Term Care Insurance (LTCI) is designed to cover costs that are typically not covered by health insurance, Medicare, or Medicaid. It's a type of insurance that provides financial support to pay for long-term care services, both in a facility such as a nursing home or in the comfort of one's home. These services might include assistance with daily activities like bathing, eating, and dressing, which may be necessary due to chronic illnesses, aging, disability, or other conditions.
Why should you have a LTCI plan?
Coverage for Costs: LTCI covers long-term care costs not typically covered by health insurance, Medicare, or Medicaid, including assistance with daily activities.
Financial Protection: Helps protect personal savings and assets from the high costs of long-term care, preserving financial stability.
Flexibility and Choice: Provides options for care in various settings, including at home, allowing for comfort and personalized care.
Relieves Family Burden: Reduces the care responsibilities and financial strain on family members, who might otherwise need to provide support.
Widespread Need: Addresses a common need, with about 70% of people over 65 expected to require some form of long-term care.
Peace of Mind: Offers peace of mind by ensuring access to necessary care without financial hardship.
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![Employee Benefits]()
Whether you are looking to modify an existing benefit package or starting from scratch...we can help!
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![Full Benefit Audit & Counseling]()
Our extensive experience and strategic partnerships allow us to find the best options and rates for your company.
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![Enrollment Services]()
We will create a custom enrollment strategy for your employees to maximize engagement and employee understanding.
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![Post-Enrollment Services]()
We will assist in the seamless transfer of all enrollment processes to allow for a smooth successful transition.
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Need more life insurance than offered through your employer, or just looking into your options…SJWS can help!
