| Face it, a divorce is not much fun, however it is a | | | | disabled from an unexpected stroke or car |
| reality that many adults eventually face. If you | | | | accident, make sure that part of the final divorce |
| are currently involved in a divorce, have you | | | | agreement has a provision that he or she must |
| thought about how to protect any alimony | | | | own and maintain an individual disability insurance |
| payments in the event your ex-spouse becomes | | | | policy for the entire duration of the alimony |
| disabled? Some of the best divorce attorneys are | | | | payments. |
| now requiring an individual disability insurance policy | | | | Over 90% of individual disabilities today are |
| be purchased any time there is alimony involved in | | | | caused by illness, not because of accidents. |
| a divorce settlement. | | | | Nobody sees a major illness coming unless they |
| Think about it, you stand about a 30% chance of | | | | are highly over-weight and a chain smoker. |
| suffering a long term disability between now and | | | | Diabetes, heart disease, back and neck problems, |
| the age of 65 that will last for 90 days or longer. | | | | cancer, stroke and MS are all major illnesses that |
| The average length of a disability is 3.2 years, so | | | | just appear regardless of what you do for a living. |
| what would happen to an alimony payment if the | | | | I am sure you would feel bad about asking your |
| person responsible for making that monthly | | | | ex-husband or ex-wife for your alimony payment |
| payment was unable to work for an extended | | | | after they were diagnosed with cancer, but that |
| period of time because of a sickness or injury? | | | | is what the individual policy is for in the divorce |
| There are several major types of disability | | | | settlement. |
| insurance in the market today. One can have | | | | It really is a small part of everything that you |
| group LTD available through work, a plan through | | | | have to negotiate and think about during a |
| a professional association, or an individually owned | | | | divorce, but it can have such a large impact on |
| disability insurance policy that a person bought | | | | your financial world should one of you become |
| directly from a major insurance company. Hands | | | | disabled later on. You can purchase an individual |
| down, an individually owned policy is going to pay | | | | disability insurance on the web simply by doing a |
| more benefits to people in more claims scenarios. | | | | search for "disability insurance" on any major |
| They are also going to be a little more expensive | | | | search engine, and the application process usually |
| than group LTD or an association plan. If you | | | | takes 2 months to complete from beginning to |
| want to make sure that your alimony payment is | | | | end. |
| protected even if your ex-spouse becomes | | | | |