Income Protection – A Deep Dive into Disability Insurance
3 Hours Iowa Insurance CE – General Education
Instructor: Rick Cordaro, DIA, DIF, LUTCF
Course Description
Disability insurance is a type of insurance that provides financial protection to individuals who become disabled and are unable to work. It helps replace a portion of their income until they are able to return to work or reach retirement age. This coverage is important because accidents and illnesses can strike anyone at any time, and being unable to work can have a significant impact on a person’s financial stability.
As an insurance agent or financial advisor, it’s crucial to understand the different types of disability insurance policies available, such as short-term disability and long-term disability, as well as the benefits and limitations of each. You should also be familiar with the underwriting process and how to effectively communicate the value of disability insurance to your clients.
This deep dive course will look into the history of disability insurance, its key features as well as fraud. The instructor will also review employee benefit and personal needs examples. We will also explore trends among individuals, business owners and employee benefits.
By offering disability insurance to clients, agents and advisors are providing them with peace of mind and a financial safety net if the unexpected occurs. Let’s dive deeper into this topic and equip your practice with the knowledge you need to successfully serve your consumers with disability insurance.
Learning Objectives:
As a result of attending this session, the agent or advisor will learn:
· The key features of a typical income protection policy
· Why it is important
· How income protection works
· Key terms applicable to income protection policies
· the historical trends of the individual disability insurance industry
· the state of the industry today
· current trends among individuals, business owners and in employee benefits
· understanding and addressing concerns
· where income protection is headed
Income Protection – A Deep Dive into Disability Insurance
3 Hours Iowa Insurance CE – General Education
Instructor: Rick Cordaro, DIA, DIF, LUTCF