There may come a time ... evolving disability insurance requires careful analysis for proper coverage

Article Abstract:

Changes in the disability insurance industry mean higher premiums, restrictive terms, and lower ratings for many companies, with more change to come. Disability is now defined more narrowly, with emphasis on whether a policyholder can replace the lost income through other work, rather than on the ability to work in a given profession. Individual policies now more closely resemble group ones, with carriers seeking greater control. Some companies no longer insure lawyers who have sought therapy or counseling.

Planning, Personal finance, Attorneys, Lawyers, Disability insurance

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Betting against the unexpected: factor in risk potential to determine high or low insurance deductibles

Article Abstract:

Many professionals keep overly low deductibles on a variety of insurance, often while keeping coverage limits too low as well. If one's claims history shows no claims for three years or more, a higher deductible is probably appropriate, assuming paying the amount of the deductible after an accident would not be a hardship. A longer period without a claim justifies a comensurately higher deductible. Changing circumstances, such as higher income, may also dictate a higher coverage limit every few years.

Risk assessment, Economic aspects, Finance, Insurance policies

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Watch out for flat tax pitfalls; changes could affect insurance coverage, investments, retirement plans

Article Abstract:

Lawyers should remember that many advantages of the present tax code would be removed under a flat tax system is such becomes law. These advantages include tax deductions for employee benefit contributions, tax-free compounding of investment proceeds and the likelihood of a lower tax rate after retirement. Transitional rules which would govern the change from the current tax code to a flat tax system have not been detailed.

Management, Laws, regulations and rules, Compensation and benefits, Law firms, Employee benefits, Flat tax

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