Serving the San Francisco Bay Area Since 1990
"Helping Build & Protect Your Future"
Insurance and Financial Services
Insurance and Financial Services
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Offered Through Lincoln Financial Securities Corporation
Offered Through Financial Concepts
Disability Income: There are many myths and misconceptions regarding disabilities.
For example, the leading cause of disability is sickness; most people believe accidents are the major culprit, but they only account for 7.8% of new claims. Musculoskeletal/connective tissue concerns account for 22.7% of new disability claims. Cancer is next with 13.6%.
A disability injury occurs every three seconds in a public setting and every four seconds in the home.
Since year 2000 the number of workers who become disabled has risen by 35% while the personal savings rate in the US averaged just 0.5% in 2007 with the seven year average at 2%.
What happens if you become disabled? If you are like two-thirds of American families you’re living paycheck to paycheck.
Did you know that 70% of working Americans do not have enough savings to meet short-term emergencies, let alone a long-term disability. Any savings you might have will be used up immediately. If your spouse works, and you rely on two incomes when both of you are well, added medical expenses plus income from only one earner could be problematic.
State Disability Income Insurance (SDI) pays a limited amount for up to one year when Social Security is supposed to take over. But, only 30% of claims to Social Security are approved initially. After a costly appeals process, only 50% of claims are ultimately approved. Current claims backlog applying to Social Security is over 2 years.
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Thank you for your interest in Financial Concepts planning products and services for both individuals and businesses. We invite you to give us a call 1-650-348-1880 or email us with your questions. We can help you develop clear solutions right from the start
*Disclosure – Securities and Advisory services offered through representatives of Lincoln Financial Securities Corporation, member FINRA & SIPC. FINRA Branch Office: 233 Bloomfield Road, Burlingame, CA 94010. See Lincoln Financial Securities (LFS’) Form CRS Customer Relationship Summary, available here, for succinct information about the relationships and services LFS offers to retail investors, related fees and costs, specified conflicts of interest, standards of conduct, and disciplinary history, among other things. LFS’ Forms ADV, Part 2A, which describe LFS’ investment advisory services, Regulation Best Interest Disclosure Document, which describes LFS’ broker-dealer services, and other client disclosure documents can be found here.
his is not an offer to sell securities, which may be done only after proper delivery of a prospectus and client suitability is reviewed and determined. Information relating to securities is intended for use by individuals residing in California, Colorado, Oregon, Texas and Washington only. Advisory Services are offered to residents of the state of California and Texas. Lincoln Financial Securities Corporation is not affiliated with Financial Concepts. Financial Concepts offer insurance & financial services to residents in California, Colorado, Florida and Oregon. Variable & Group insurance products offered through LFS Marketing and Insurance Sales Corporation; fixed insurance products offered through Financial Concepts Insurance & Financial Services.
John Pivirotto’s California Insurance License #: 0699308
Financial Concepts’ California Insurance License #: 0786047