Birdseye Financial
www.birdseyefinancial.com
  • HOME
  • Who We Are
    • Introduction
    • Annual Review
  • Planning
    • Retirement Analysis
    • Asset Lock
    • Strategies >
      • Rule of 100
      • Sequence of Returns
      • Social Security
      • Taxes In Retirement
      • Tax Strategies
      • Tax Free Retirement Book
      • Retirement Tax FLIP BOOK
      • Pension Max
      • Home Equity Management
    • Get Educated >
      • Income Planning
      • IRA Education
      • Wills and Trust
      • Estate Planning Mistakes
      • Veterans
      • College Planning
    • The Questions >
      • Run out of Money?
      • Retirement Income?
      • How much Risk?
      • Losing Money in Market?
      • Advisor Fees?
      • Leave a Legacy?
    • Video Library
    • Financial Concepts
  • Annuities
    • Annuity Education
    • Fixed Annuity
    • Fixed Indexed Annuity
    • Income Annuity
    • Variable Annuity
    • Vital Signs
    • CD vs Annuity
  • Insurance
    • MEDICARE >
      • Medicare Introduction
      • Medicare Review
      • Drug Compare
      • Advantage Plans >
        • 2020 MAPD
      • Supplements
      • Drug Plans
      • Medicare Enrollment
      • Medicare Networks
    • Medicaid Info
    • Health >
      • WA Health Exchange
      • Medishare
      • UNDER 19
      • Apple Health (DSHS)
      • Glossary
    • Dental
    • Disability
    • Life Insurance
    • Long-Term Care
  • Contact US
    • Referral
    • Client Survey
  • ONLINE MEETING
  • Retirement Analysis
  • Schedule Appointment
  • Forms and Links
  • Secure Upload
  • Professional Referrals
  • Calculators
Picture
What is Disability Insurance?
Disability insurance is a form of coverage that will replace a percentage of your income should you be unable to work because of injury or illness. Most policies are written for a specific monthly benefit - the face amount of the coverage. The upper limit is typically between 50% and 70% of your earned income. 

Disability insurance is also known as paycheck protection or income protection. These products provide replacement income when a breadwinner is unable to work due to illness or injury. Disability insurance is essential coverage for business owners and high-earning professionals.
Picture
Types of Coverage
  • Personal Disability
  • Business Disability
Do you know your RISKS?
Picture
Are you prepared for a disability? 
FIVE questions every worker should ask. Illnesses and accidents are on the rise in America, causing more workers to miss work and lose income. At some time during their working careers, three out of every 10 workers will suffer a disability and be unable to work for a significant period of time. Loss of income can be devastating. 

Today, it’s more important than ever for workers and their families to understand how they would manage their regular expenses during a period of lost income and make sure they’re prepared. To help workers better understand how prepared they are should the unthinkable happen - a loss of income due to an accident or illness - 

Below are FIVE questions every worker should be asking: 
  1. What are my “necessary” monthly living expenses that would continue if my income stopped? (e.g., rent or mortgage, utilities, food, medical insurance, etc.)
  2. Would my personal savings pay for my “necessary” monthly expenses – for one month, three months, 6 months, longer? Would my savings cover my “out of pocket” medical expenses (deductibles and co-pays)? 
  3. Does my employer have a sick pay plan or long-term disability program, or both? Am I participating? When would it start, how much would it pay me and for how long? 
  4. What other sources of income might be available to help me pay for my expenses, and for how long? My spouse, family, second mortgage, credit cards? 
  5. Could I afford my medical COBRA premiums, and what would happen to the contributions to my 401k account?
    Picture

    Disability Insurance

    Please be assured that the information you provide to us online will not be used for any other purpose other than in connection with your Individual Disability Insurance Quote Request and/or as required by law.
Submit
Picture
Types of Disability Insurance
  • Individual disability insurance - this type of policy is written specifically for the covered individual, with choices for coverage amounts, periods, exclusions, etc. The more comprehensive the coverage, the higher the cost. Policies are subject to standards of health, age, occupation, etc.
  • Group disability insurance through an employer - with employer provided plans, many of the decisions about policy definitions and structure have already been made. Coverage is more readily available to persons with health problems, but coverage stops when employment is terminated.
  • Social Security disability benefits - Federal programs that pay benefits to all disabled persons under age 65, and pay supplemental benefits to persons over age 65 who have limited incomes.
  • Workers compensation - state mandated coverage that pays benefits for persons disabled because of work related injuries or illnesses
  • VA benefits - Federal program that pays veterans who are disabled due to service related health problems
  • Federal Employees Retirement System - Program that covers Federal employees and pays up to 60% for the first year and 40%, thereafter.
  • State-sponsored coverage - several states (including California, Hawaii, New Jersey, New York and Rhode Island) pay short-term benefits to residents who are disabled due to issues not related to work.
Picture
Key Definitions 
Understanding these terms is critical to purchasing the right coverage
  • Total disability - Unable to work due to injury or illness
  • Partial disability - Unable to perform all of the duties of your occupation after returning to work following a disability - this is a transition state
  • Residual disability - Similar to partial disability, but payable based on reduced earning capacity - generally payable for the long-term
  • Presumptive total disability - Disability resulting from named occurrences such as loss of sight, hearing or limbs
  • Own occupation - Terminology used to define disability as the inability to perform the customary duties of one’s own occupation
  • Any occupation - Terminology used to define disability as the inability to work at any occupation, perhaps with the qualification of a comparable level of education or training
Picture
Picture
RENEWABILITY POLICY OPTIONS
Non-Cancelable
Protects policy holder from any changes to provisions or Premiums. (Iron Clad, but with higher premium)
GUARANTEED RENEWABLE
Protects policy holder from changes to provisions this is unlikely, and results in lower premiums.
Residual Rider
Covers you when you are only able to return to work part time. This rider will pay you the difference so you can maintain your lifestyle.
Occupation Type
TRUE OWN OCCUPATION
Is best for jobs that require manual dexterity


Consider
MODIFIED OWN OCCUPATION
for jobs not requiring high levels of dexterity
Picture
Picture
Who Are We
  • Contact Us
  • Schedule A Phone Call 
  • FINRA Broker Check
  • ​Insurance Broker Background Search
Our Planning
  • Our Planning
  • Retirement Analyzer
  • Asset Lock​​
  • The Strategies
  • Get Educated
  • The Questions
  • Video Education
Annuities
  • Fixed
  • Indexed
  • Income
  • Variable


Insurances
  • Health
  • Dental
  • Disability
  • Life
  • Medicare
  • Long-Term Care
Get Educated
  • Educational Books
  • ​Social Security
  • Rule of 100
  • Taxes in Retirement
Picture
Picture
Click to Enlarge
BIRDSEYE FINANCIAL DISCLOSURE
Tax and Legal Disclosure

Birdseye Financial, Corbin Lindsey and any associate affiliated with Birdseye Financial, does not offer tax or legal advice. We provide strategies for educational purposes only. You should consult your tax or legal professional for complete information regarding any tax and legal matters.

Website Content
The information listed on this website and on any document from Birdseye Financial that is provided by Birdseye or by a third party has been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed by Birdseye Financial. While the publisher has been diligent in attempting to provide accurate information, the accuracy of the information cannot be guaranteed. Laws and regulations change frequently, and are subject to differing legal interpretations. Accordingly, neither the publisher nor any of its licensees or their distributors shall be liable for any loss or damage caused, or alleged to have been caused, by the use or reliance upon this information.

All items on this website are not to be considered a recommendation to purchase or to sell an insurance or investment holding. No insurance company has endorsed or reviewed this website content. Before purchasing any type of insurance and/or investment product, it is important that you do your own due diligence, and that you consult a properly licensed professional if you should have any specific questions that relate to your individual situation. All of the names, marks, and materials that were used within this website are the property of their respective owners.

We are NOT affiliated with the U.S. Government or Federal Medicare Program

Product Illustrations
​And as always, it’s important to keep in mind that past performance is definitely no guarantee of the future results that you’ll receive in most any financial vehicle.

Online Forms
​Should you complete an online form of any type, you are agreeing to be contacted by Birdseye Financial or one of our referral partners.
Picture
Download Brochure

HELPFUL LINKS
  • ONLINE MEETING Online Meeting Screen Share (Click to Launch)
  • SCHEDULE A MEETING on our calendar (Schedule Now)

​RETIREMENT TOOLS 
  • Retirement Analysis Please complete the Financial Questionnaire (Online / Download)
  • Birdseye Financial Secure Document Upload (Click Here)
  • Secure Investment Management  Secure Document Upload (​Click Here)
  • Asset Lock Track your Investments (Click Here)

  • Optional Online ZOOM Meeting (CLICK HERE)
  • VENDOR ONLY Calendar Booking (CLICK HERE)