Ontario, CA (PRWEB) March 05, 2013
Tax season has arrived and with an uncertain economic road ahead, Americans are tightening their wallets and fearing for their financial futures. Frank N. Darras, America’s top insurance lawyer, has issued a call for Americans to protect their income now by investing in smart insurance.
“There has never been a better time to protect your income and assets. The budgetary crisis in the American government and the sequestration has left many Americans fearing for their jobs or threatened with a 20% pay cut. To cut costs, many Americans are weary of paying for certain types of insurance, such as disability or long-term care. Yet, cutting these out of your financial plan could cost you in the long-run,” says Darras.
There are four types of insurance that Darras recommends for financial security and income protection:
1. Life Insurance: Whole-life policies are expensive but combine life coverage with a guaranteed interest rate return. The other common type is term insurance. This is cheaper and has no investment component, but it lasts for a set period of time provided the individual continues to pay the monthly premium. Buy life insurance young. Premiums skyrocket as you age.
2. Disability: Purchase an individual disability policy with “own occupation” protection so if you do become disabled you don’t have to be disabled from every occupation by which your carrier says you can become trained, educated or suited. Buying early allows you to get more coverage while still maintaining an affordable premium. Opting for a longer waiting period before benefits start can save money.
3. Long-Term Care: Similar to both disability and life insurance, the earlier you buy, the more coverage you can get for a lower premium. Long-term care can cost as much as $80,000 a year and is one of the most important types of insurance you can invest in. Policies vary and it’s important to consider what your preferences are in terms of how and where you want to receive long-term care.
4. Home and Automobile: The best advice here is to take advantage of bundling packages. Purchase both automobile and home/renter’s insurance with the same insurance carrier and save on both. Other ways to save include taking a defensive driving course, installing a home security system, and increasing the deductible.
“There are ways to protect your income and financial security and still have money in the bank. Exploring your options and comparison shopping each time your policy is up for renewal is a great way to save money and still have peace of mind,” says Darras.
DarrasLaw's attorneys, including founder Frank N. Darras, have received numerous honors and awards from peers, validating the claim that we are America's top disability firm. Lawdragon has singled out Frank N. Darras for five years in a row as one of the Top 500 Lawyers in America. Since its inception, Super Lawyers has honored him by naming him to its list for his work with disability insurance policyholders. The American Association of Justice lists him as one of the Top 100 Trial Lawyers in California. Best Lawyers in America has profiled DarrasLaw and the firm's accomplishments on behalf of the disadvantaged and disabled.
At DarrasLaw, our compassion goes hand-in-hand with our legal expertise. We take pride not only in the results we achieve, but the care our team provides along the way. We hire only the top disability attorneys and staff, including our in-house nurse, for their compassion as much as their expertise and knowledge. Hiring the cream of the crop has been critical to maintaining our position as America's top disability firm.
Our national reach plays a role too. People from all 50 states turn to us for help with individual disability insurance matters.
Nationwide, we review more than 2,500 claims a month. In any given year, we handle more cases than many firms handle in their lifetime. We have recovered more than $750 million in wrongfully denied insurance benefits.
Darras Available for Interviews. Contact robin(at)mcdavidpr(dot)com.