Disability insurance

Residents drop off Covid-19 PCR tests at a testing site run by the Centers for Disease Control, Federal Emergency Management Agency and eTrueNorth in Washington, D.C., on Jan. 5, 2022.Eric Lee | Bloomberg | Getty ImagesWhen Christopher Perry got sick in July 2021, he thought he just had a bad cold.But after Perry's adult son found him passed out in his living room, he was taken to the hospital and put on life support due to Covid-19.A diagnosis of respiratory lung failure has led to long-term health consequences.Today,…

Tommaso79 | Istock | Getty ImagesIf you've opted into your company's group disability insurance plan, you may assume there's sufficient income protection if you can't work due to illness or injury. But experts say your workplace coverage may not be enough.  John Ryan, founder and CEO of Ryan Insurance Strategy Consultants, urges employees to embrace group disability insurance, but warns "there can be a false sense of security with the employer plan." For employees, group disability insurance offers guaranteed coverage at…

Yagi Studio | Digitalvision | Getty ImagesSpecial needs trusts are essential for the well-being of a person with special needs, experts say."The most important reason for a special needs trust is that individuals with special needs often are unable to make appropriate financial decisions for themselves and/or are at risk for financial exploitation by others," said certified financial planner Mike Walther, founder of Oak Wealth Advisors in Northbrook, Illinois.Equally important, according to Charles Italiano, assistant…