Posted 04 July 2012 - 07:36 AM
Mods I posted this here because I am looking for feedback of racers. Feel free to move topic to another form.
Posted 04 July 2012 - 08:11 AM
Why don't have it regardless if you are racing or not if you livelihood depends on being present and correct?
Posted 04 July 2012 - 12:55 PM
Posted 04 July 2012 - 09:42 PM
Posted 05 July 2012 - 07:26 AM
Edited by yjl, 05 July 2012 - 07:27 AM.
Posted 05 July 2012 - 02:48 PM
So what is it exactly, a disability policy? Supplimental of some sort that is short term? Are disability policies short term or long term?
Posted 05 July 2012 - 08:44 PM
Quantum Mesa Cycles
Posted 06 July 2012 - 06:41 AM
My individual policy is "life to 65" meaning that if I get disabled prior to age 65, I get lifetime benefits. My annual premium amount is about what the policy pays out monthly should I be injured. Both the monthly pay-out and premium optionally increase by about 5-10% each year (I can choose whether or not to pay the increased premium for the increased benefit).
I was lucky in that, when I first started working full-time, my parents insisted that I out the policy, and they paid the premiums for the first 5 years, when I couldn't afford to do so myself. I think they felt they had a moral obligation to support me should I become permanently (or even temporarily) disabled, and they thought this was the best way to do this. After 5 years, I was earning enough and started paying the premiums.
When I was in high school, my father used his policy after he contracted hepatitis and couldn't work for 6 months (he was a physician and he couldn't see/treat patients until he was free of the disease). So I have indirectly benefited from a disability policy.
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