..it really stinks when you have worked all year to survive,and the time of year that is supposed to be profitable turns out to be a waste.... Hope to be walking in a couple of weeks.... Went to get workmans comp about a year ago...for every 100 dolllars of wages I would have to pay another 60 dollars for insurance... Guess who lacks insurance...Slim said:Jena, disabilitiy insurance can be quite expensive especially on farmers. The rates are per $100 of insurance and it is based upon your occupation,age and health. You need to decide the following: how much money(benefit) per month you need, this is usually 60% of youir take home pay. You then decide what is called the elimination period(30,60,90 days) this is the time period you need to be disabled before the benefits kick in, the longer the period the cheaper the rate. You then decide how long do you want the benefit(1, 2, 5 year etc.). I hope this helps. I work for Shelter Insurance. We have agents in IL. that could give you a quote. Slim
Jena,do you mean mt. as in Montana;they sure do have have workers comp. its part of the dept of labor. If you read my earlier post ,you will find that for a lot of jobs,it is extremely expensiveJena said:mt state has no disability insurance of any kind. back in ca. they did and i never minded paying into it. it kicked in after one week and paid 65% of your wages, regardless of how/why you were disabled.
it's not so much my income i need to replace as to cover extra employment costs.
i'm going to call my agent tuesday.
they should make a life policy that converts to disability for long term disabilities.
jena
