| UPDATE 1-Aflac posts higher second-quarter earnings
NEW YORK, July 24 (Reuters) - Aflac Inc (AFL.N: Quote, Profile, Research), the world's largest seller of supplemental disability insurance, said on Tuesday earnings rose in the second quarter, helped by rising revenue. Aflac said net income for the quarter was $415 million, or 84 cents a share, up from $408 million, or 81 cents a share, in the year earlier quarter. On an operating basis, excluding realized investment gains and losses and changes in the value of some derivatives, Aflac earned $407 million, or 82 cents a share, compared with $376 million, or 75 cents a share in the second quarter of 2006. Revenue rose 1.8 percent to $3.76 billion. Analysts had on average expected results of 81 cents a share, according to Reuters Estimates.
It is Important to Consult an Attorney After Suffering a Traumatic ...
The first and most obvious is where there will inevitably be - legal action. Common examples where this is done is a motor vehicle accident. In addition to circumstances where there will be a legal action there are many other reasons why it is important to consult with an attorney after suffering a brain injury. For instance, an attorney can maximize public benefits such as Social Security disability benefits. Further, they can assist with benefits available through Medicare and private health insurance, disability insurance and PIP (personal injury protection) coverage. Like with any other profession, not all attorneys are qualified to provide this type of assistance. It is important that you make sure the attorney with whom you consult has experience handling personal injury actions involving brain injuries and also maximizing the benefits available to persons who suffered brain injuries.
Dear Doctor: What You Need To Know About Own Occupation Disability ...
ONTARIO, Calif., June 26 /PRNewswire/ -- You've worked hard to get through medical school, gone on to specialize and now, you need to protect one of your most important assets: your income stream, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer. Purchasing disability insurance, however, can be tricky and expensive. Policy features, advantages and benefits vary greatly. While some policies are iron-clad and pay benefits when you need them, others have holes and can cause financial disaster, should you become disabled. See http://www.darrasnews.com/. "Finally, physicians often make fatal mistakes early in the claim process," says Darras. "Be sure to seek out the most experienced disability counsel before you file your claim so the carrier doesn't schnooker you with legalese or fine print.
Mutual of Omaha's New Disability Plans Allow Add-on Critical ...
OMAHA, Neb.--(BUSINESS WIRE)--June 27, 2007--Mutual of Omaha's new Disability Income Choice Portfolio offers four disability insurance plans that are designed to meet the needs of a wide variety of consumers. And by allowing the option of adding critical illness and hospital confinement coverages to their disability plans, consumers can purchase several types of coverage with a single application. The four disability plans included in Mutual of Omaha's Disability Income Choice Portfolio include a combination of short-term and long-term coverages, along with a business overhead expense plan designed for small-business owners. The optional critical illness coverage provides a lump-sum benefit upon diagnosis of certain illnesses, such as cancer, heart attack, stroke, etc. The hospital confinement coverage pays a daily benefit to help cover the cost of hospital room and board.
One in Two Americans Struggle with Clinical Depression. Employee ...
BOSTON--(BUSINESS WIRE)--Many people struggle to cope with today's fast paced, high-stress lifestyles, both at work and at home. As many as half of all Americans have suffered from clinical depression or another behavioral disorder at some point in their lives, according to research by Dr. Ronald Kessler, professor of health care policy at Harvard Medical School. The high prevalence of mental health problems increases the incidence of disabilities among workers, hurting workplace productivity and increasing costs for employer-provided health care and disability insurance. According to a four-year study recently completed by The Hartford Financial Services Group, Inc. (NYSE: HIG), employers who offer Employee Assistance Programs (EAPs) can not only help workers get well but, in the process, can blunt the impact of mental health issues on employee productivity.
Why You Need Disability Insurance
Most people take it for granted that they are able to awake each day and earn an income to support themselves and their family. The ability to be independent in this regard is one of your most valuable assets. Additionally, most people do not understand that the chances of becoming disabled at some time during their working career are higher than they would imagine. Hence, disability insurance is available to protect your assets. Disability insurance is insurance that is intended to replace your income if you should become sick, disabled, or hurt, and the illness or accident prevents you from earning an income in your occupation. Disability insurance will pay anywhere from 45% to 60% of your gross income during your absence from work. .
How CPP survivor benefits work
The Canada Pension Plan has been around since 1966. It is jointly funded by workers and employers and pays a maximum annual pension of $10,365 to workers at age 65 (see TaxBreak, June 25, for CPP pension details). While the CPP is best known for its retirement pension, it also operates the largest long-term disability insurance program in Canada. If you qualify, CPP Disability pays a maximum annual benefit of $12,645 until age 65, after which you switch to the regular CPP pension. It might surprise you CPP Disability pays more than the pension benefit. The logic is at age 65 you would receive Old Age Security benefit (TaxBreak, June 18) which supplements your CPP pension. To receive CPP Disability, you must apply and meet three criteria. You must have paid a minimum amount of CPP contribution in 4 of the last 6 years before your disability started.
CIGNA Declares Dividend
PHILADELPHIA, July 25, 2007 /PRNewswire-FirstCall/ -- The board of directors of CIGNA Corporation today declared a quarterly cash dividend of $0.01 per common share, payable on Oct. 10, 2007 to shareholders of record as of Sept. 12, 2007. About CIGNA As a Business of Caring, CIGNA provides employers with benefits, expertise and services that improve the health, well-being and productivity of their employees. With approximately 47 million covered lives in the United States and around the world, CIGNA's operating subsidiaries offer a full portfolio of medical, dental, behavioral health, pharmacy and vision care benefits and group life, accident and disability insurance.
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