Insurance Project by Catherine Lysaught https://padlet.com/Catlys/b8nr47s1a8p1 en-us 2018-03-22 17:31:40 UTC 2025-11-18 18:49:46 UTC hello@padlet.com KEY Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245158898 General Information: pink
Life Insurance: yellow
Disability Insurance: green
Long-term care insurance: blue
Looking into the future: purple ]]> 2018-03-22 18:03:42 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245158898 What is My Human Life Worth? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904594 Based on my parents information and insurance, it is predicted at $124,000. ]]> 2018-03-26 00:14:47 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904594 What Insurance Does a Single Person Need? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904824
  • You would not need life insurance because no one would benefit or depend on them financially 
  • Disability insurance for someone of that age depends on what job they hold or whether or not they feel they can afford it 
  • Long term care is not necessary unless they have an injury or illness. 
    • ]]>     2018-03-26 00:16:56 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904824     How Do Insurance Needs Change With A Family? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904994 Insurance needs change with a family because: 
    • you may want life insurance for your family as they are dependent on you
    • you may want disability insurance so you still have money for your family even if you are injured
    ]]>     2018-03-26 00:18:25 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245904994     How Do Insurance Needs Change When you Retire? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905070
  • You do not need disability insurance insurance because you have no job
  •  Life insurance is only necessary if people are financially dependent on you 
  • Long- Term Care is only needed if you have an injury, illness, or if you can not perform everyday activities
    • ]]>     2018-03-26 00:19:16 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905070     What life events should be considered when evaluating life insurance? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905141
  • Marriage
  • Divorce
  • New Additions to Family
  • Change in Financial Situation
  • Retirement 
  • Death in Family
  • Job Change
  • Tax Law Change
    • ]]>     2018-03-26 00:20:11 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905141     Who Needs Disability Insurance? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905450
  • It comes into effect when a worker is injured on the job and prevents workers from collecting a paycheck 
  • Anyone with a job should get disability insurance but they should weigh the danger of their job with how much insurance they need. 
    • ]]>     2018-03-26 00:22:55 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905450     What life events make you reevaluate disability insurance? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905635
  • When you get a new job 
  • When you get married
  • When you have children 
  • A change in financial situation
  • Illness or injury outside of work
    • ]]>     2018-03-26 00:24:24 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905635     5 types of disability insurance? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905754
  • Workers Compensation
  • State Disability Insurance Programs
  • Social Security
  • Employer Sponsored Coverage
  • Individual Disability Insurance 
    • ]]>     2018-03-26 00:25:35 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905754     Workers Compensation: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905805
  • It is for people who are employed and suffering a disabling illness or injury. 
  • It requires that they pay ⅔ of the workers pre-disability salary.
    • ]]>     2018-03-26 00:25:59 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905805     State Disability Insurance Programs: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905852 Only some states provide short-term disability coverage for six months that workers pay through payroll deduction.]]> 2018-03-26 00:26:31 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905852 Social Security: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905884 The federal government gives disability payment to most workers but this is hard to qualify for.]]> 2018-03-26 00:26:51 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905884 Employer Sponsored Coverage: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905908
  • This is the main source of disability payment from the employer. 
  • There is short term and long term depending on the workers need. 
  • Workers are given the option to add this to their baseline coverage option and employees pay for it
    • ]]>     2018-03-26 00:27:07 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245905908     Individual Disability Insurance: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906025 This is the most flexible and reliable source of coverage that can be self- purchased.]]> 2018-03-26 00:28:27 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906025 Marriage Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906275 After marriage, it may be a good idea to purchase life insurance because now you have a spouse depending on you and possibly children. ]]> 2018-03-26 00:30:39 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906275 Divorce Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906304 After divorce, if there are no children involved, there may no longer be a need for life insurance. ]]> 2018-03-26 00:30:57 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906304 New Additions to Family Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906426 Having children or new family members becoming financially dependent on you may make you want to buy life insurance. ]]> 2018-03-26 00:31:57 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906426 Change in Financial Situation Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906457 A large change in financial situation, such as a large increase or decrease of income may affect the need for income. If you lose a large deal of money, you may not be able to afford insurance and coming into money may make you able to afford it. ]]> 2018-03-26 00:32:21 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906457 Retirement Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906503 After retirement, there may be no more need for life insurance as you may no longer have a spouse or anyone to financially support. ]]> 2018-03-26 00:32:52 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906503 Death in Immediate Family: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906537 A death in the immediate family may either no longer make it necessary as there is no one financially dependent on you or because there are more people financially dependent on you. ]]> 2018-03-26 00:33:10 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906537 Job Change Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906593 A job change may affect income which may affect if you can afford life insurance and the danger of the job may also affect the need. ]]> 2018-03-26 00:33:40 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906593 Health Change Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906648 Recent injury or illness may create need for life insurance to protect your family in the case of death. ]]> 2018-03-26 00:34:09 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906648 When should you get Long-Term Care Insurance? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906779
  • If you develop a chronic illness
  •  If you become disabled and can no longer care for yourself
  • If you have an injury or illness that Medicare will not cover
    • ]]>     2018-03-26 00:35:21 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906779     What types of care are covered by Long-Term Care? Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906854
  • Skilled Care 
  • Intermediate Care
  • Custodial Care 
    • ]]>     2018-03-26 00:35:57 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245906854     Scenario 1: Life Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907021 Life insurance is not needed as there is no one financially dependent on me.]]> 2018-03-26 00:37:06 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907021 Scenario 2: Life Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907063 At this point, it is wise to have life insurance because there are people who are financially reliant on you and who you need to provide for if you pass away.]]> 2018-03-26 00:37:24 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907063 Scenario 3: Disability Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907097 Disability insurance is not necessary because I am retired and have no possibility of being injured on the job.]]> 2018-03-26 00:37:39 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245907097 Scenario 3: Life Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909459 Life insurance is recommended because it will provide for my spouse if I pass before him or will pay for my funeral.]]> 2018-03-26 00:52:29 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909459 Scenario 3: Long-Term Care Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909666 Long- term care insurance at this age may be necessary, but depends on the health level of me and my spouse. It may be a good idea to purchase it for the years to come.]]> 2018-03-26 00:53:54 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909666 Scenario 2: Disability Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909948 Disability insurance at this age is optional and depends on what type of job I have, what type of income I have, and how likely I think I am to get in an accident. ]]> 2018-03-26 00:55:50 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245909948 Scenario 2: Long-Term Care Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910129 Long-care term insurance at this age is not recommended unless it is very likely that I will be in an accident. It is not recommended because I have a spouse, and children to be my caretakers.]]> 2018-03-26 00:57:05 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910129 Scenario 1: Disability Insurance: Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910722 Disability insurance depends on what job I have, how much money I make, and how likely I think I am to be in a work accident. ]]> 2018-03-26 01:01:44 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910722 Scenario 1: Long- Term Care Insurance Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910871 Long- term care is not necessary at this age because severe injury is unlikely and I still have a family support system for preexisting debilitating injuries. ]]> 2018-03-26 01:02:44 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245910871 Skilled Care Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245911886 Skilled care is for serious injuries or illness and it provides specific services for that illness.]]> 2018-03-26 01:08:19 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245911886 Intermediate Care Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245912278 Intermediate care is similar to skilled but is not on a daily basis and is for less severe diseases. ]]> 2018-03-26 01:10:44 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245912278 Custodial Care Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/245912413 Custodial care is not intended to heal the patient but helps them with day to day activities they can not do on their own.]]> 2018-03-26 01:11:45 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/245912413 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246200920 2018-03-26 17:23:33 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246200920 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246201490 2018-03-26 17:24:08 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246201490 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246202207 2018-03-26 17:25:18 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246202207 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246202591 2018-03-26 17:26:03 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246202591 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246203392 2018-03-26 17:27:22 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246203392 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246205245 2018-03-26 17:30:45 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246205245 Catlys https://padlet.com/Catlys/b8nr47s1a8p1/wish/246205956 2018-03-26 17:31:55 UTC https://padlet.com/Catlys/b8nr47s1a8p1/wish/246205956