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Disability

Insurance Can Save Your Life
The Whole Story!


Attorneys Who Become Disabled


Bottom line, when disabled, the "Law' may take away your ability to continue to practice and earn income!

Some states have specific laws regarding attorneys becoming disabled.

The example below is only one reason why an attorney should not be without disability insurance.

Besides, an attorney's occupation class is the highest classification one could have on their disability insurance policy. It means an attorney can secure the lowest rate available from the insurance company, and you are able to have the top tier definition of total disability.


For Example:

The Rules on Lawyers Professional Responsibility which provides for the transfer to a disability inactive status of an attorney whose physical condition, mental illness, mental deficiency, senility, or habitual and excessive use of intoxicating liquors, narcotics, or other drugs prevents the attorney from competently representing clients.

This transfer may take place as a result of a judicial proceeding, finding the attorney to be mentally ill, mentally deficient, incapacitated, or inebriate; or the transfer may take place as the result of an attorney asserting disability in defense or mitigation in a disciplinary proceeding. In that instance, a referee may order an examination or evaluation of the attorney as the referee so designates. If the disability is alleged to be taking place during the investigation or the proceeding, it is the obligation of this office to inform the Court of the allegation and our position regarding the allegation. The Court then has a number of options in handling the situation.

When on disability inactive status, an attorney must:

  • notify each client represented in a pending matter, other than litigation or administrative proceedings, of the attorney’s disability
     

  • a separate notice of the attorney’s disability must be sent to each client, opposing counsel, and the tribunal involved in pending litigation or administrative proceedings
     

  • must deliver to each client represented in a pending matter, litigation, or administrative proceeding any papers or other property to which the client is entitled;
     

The court may reinstate an attorney to active status upon a showing that the attorney is fit to resume the practice of law. A petition for reinstatement is deemed a waiver of the doctor-patient privilege and must set forth detailed information regarding treatment and care in the interim.
 


   
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Because paying for life's expenses are not always as certain as your responsibilities...
These top rated Disability Insurance Companies can all but alleviate the problem!

 

              
          

 


The Purpose of Disability Insurance
Disability insurance was created to insure you for a disabling sickness or injury, these plans will provide an individual the ability to continue their standard of living. They are designed to replace up to 60% of taxable income. As you can observe above, there are a significant number of carriers available to search out the best occupational definitions, and occupational rating classes for your particular profession.

Q. If you are permanently disabled and cannot work, what will Social Security cover?


A. Social Security has a cap on the amount of benefits you'll receive. In most cases, there will be a 5-month waiting period before eligibility, plus another 7 months before you even receive a benefit check. In addition, 56% of all disability claims are rejected by Social Security. More>

Q. If you collect disability income benefits, do you have to pay Income Tax on them?

A.
Provided you pay the premiums out of your own pocket on an after-tax basis, the benefits are not taxable. However, if premiums are deducted from your paycheck on a pre-tax basis such as in a Section 125 cafeteria plan, benefits will be taxable. If your employer pays part of the premiums, only the portion of the benefit that is attributable to your own contributions will be tax-free. More>


Lewis Fink is licensed as insurance agents offering these benefits in the following states: Alabama - AL, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, District of Columbia - DC, Florida - FL, Georgia - GA, Idaho - ID, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, New Mexico - NM, New Jersey - NJ, New York - NY, North Carolina - NC, North Dakota - ND, Ohio - OH, Oklahoma - OK, Pennsylvania - PA, Rhode Island - RI, South Carolina - SC, South Dakota - SD, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, Virginia - VA, and Wisconsin - WI.     Note: Not all companies may offer products in all states.

Note:  We do not provide legal or tax advice. The general information presented on various tax aspects contained in this site are not intended to be relied upon as tax advice. Individuals should seek the advice of a qualified tax professional regarding the taxation of these benefits as they apply to your particular situation. 
These benefits are offered in all states except: AK, HI, WA, & WY. License #'s: CA: OC38446 MT: 29724 F00-0283-LC 

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