SECURING THE FUTURE WITH LIFE INSURANCE POLICIES Sometimes, unexpected events can occur out of nowhere. This is why we encourage peace of mind through life insurance. In exchange for regular monthly premiums, you and an insurance company enter into a contract wherein they will financially cover an unexpected life event. For example, your family will be provided for if you pass unexpectedly. Here is an overview of different life insurance options that can protect your family. or terminal illness. This accelerated benefit can cover medical expenses, allowing the policyholder to focus on recovering. WHOLE LIFE INSURANCE WITH LIVING BENEFITS This policy offers permanent insurance coverage and builds cash value over time. The cash value can be accessed for any purpose, making it a versatile financial tool. FLEX YOUR FINANCES
Policyholders can adjust their premium payments and access the accumulated cash value for various needs, such as retirement or education expenses. When you pass away, a licensed insurance agent can assist your beneficiary with the paperwork or work directly with the insurance company’s claim representative. Once the necessary documents are submitted, the beneficiary will receive the death benefit payout. As you consider various life insurance options, you can consult with insurance professionals to help determine which life insurance policy best suits your needs.
TERM POLICY This is a temporary policy that usually lasts for 30 years. If the insured person dies within this period, the family receives a payout to cover their mortgage, outstanding debts, and other expenses. TERM WITH LIVING BENEFITS Similar to a standard term policy, this option allows the policyholders to access the death benefit while alive if they are diagnosed with a chronic, critical,
UNIVERSAL LIFE INSURANCE Universal Life Insurance policies offer the same permanent coverage as whole life but with greater flexibility. These policies can be adjusted to fit changing financial situations and typically offer higher interest rates through variable, regular, and indexed universal life insurance options. The growth is often tied to performance indices like the S&P 500, allowing for potentially higher returns.
From Injury to Approval YOUR GUIDE TO FILING A WORKERS’ COMPENSATION CLAIM
Filing a workers’ compensation claim can seem daunting if you’re unsure where to start. Knowing the proper steps can help ensure your claim is processed smoothly, leading to the best result, whether you’ve suffered a minor or major injury. Here’s a step-by-step guide to help you navigate through the process.
doctor must fill out a First Report of an Injury (FROI) form, which kicks off your claim with the Bureau of Workers’ Compensation (BWC). Follow all medical advice and keep records of all your visits and treatments, as these will be important for your claim. STEP 3: DOCUMENTATION Proper documentation is critical to a successful workers’ compensation claim. This includes:
information is correct since incorrect forms are among the most common errors in the workers’ compensation process. STEP 5: MONITOR YOUR CLAIM Once your claim is filed, you will receive a claim number. Use this number to track the progress of your claim through the BWC website. Stay in communication with your employer and the BWC to make sure all necessary documentation has been received and is being processed. STEP 6: IF DENIED, CONSIDER AN APPEAL If your claim is denied, you have the right to appeal. It’s advisable to consult with a workers’ compensation attorney to help navigate the appeals process. Filing a workers’ compensation claim need not be overwhelming if you follow these steps. If you ever need any support or guidance in your workers’ compensation case, contact our team at 614-334-4649 to get started.
STEP 1: REPORT THE INJURY TO YOUR EMPLOYER
The first step in filing a workers’ compensation claim is immediately reporting your injury to your employer. Ohio law requires that injuries be reported within a specific time frame, typically within 24 hours of the injury. Delaying this report can not only hinder your recovery process due to delayed medical attention but can also affect the credibility of your claim. STEP 2: SEEK MEDICAL TREATMENT Once you’ve reported your injury, seek medical treatment right away and inform the health care provider that your injury is work-related. The
•
A detailed account of how the injury occurred Copies of medical reports
• • •
Records of any out-of-pocket expenses Documentation of missed work and lost wages
STEP 4: FILING THE CLAIM Your employer can file the claim on your behalf, or you can file the claim yourself through the Ohio BWC’s online system. When filing, you will need the FROI from your doctor. Ensure all
2
www.monastlaw.com
Made with FlippingBook Ebook Creator