May is Disability Awareness Month

May is Disability Awareness Month!

A recent study by the American Council for Life Insurers indicates that over 50 million households in the United States are without individual disability insurance. This is why every financial/estate plan must address the impact of a long term disability. Especially when you consider that you are four times more likely to suffer a disability than die prior to age 67. Without a plan in place, many families and individuals face severe financial difficulty.

The four most common reasons for a long term disability:

    • 1. Musculoskeletal disorders (29%)
    • 2. Cancer (15%)
    • 3. Pregnancy (9.4%)
    • 4. Mental health issues (9.1%)

The consequences of a long term disability can be alarming. A 2014 study of bankruptcy filings showed the primary causes as medical bills, lost job and illness, comprising over 60% of the filings.

Workers’ compensation and Social Security do not provide a significant benefit. In 2016, only 1% of American workers missed work because of a work-related injury or illness. Also, from 2006 through 2015, only 34% of claims submitted to Social Security claims approved. And the average social security benefit was $1,197/month.

Lastly, many are covered by a group disability policy through work. This is a valuable benefit but the benefit is taxable and most with higher incomes are not adequately covered. If you or someone you know is concerned about their disability program, please contact us for a review.

May is Disability Awareness Month – Become aware of what you have.

Best regards,
Greenberg, Wexler & Eig, LLC

Freedman Risk Management Joins Greenberg, Wexler & Eig as an Affiliate Partner

Greenberg, Wexler & Eig would like to welcome their new affiliate partner, Mitchell Freedman and Freedman Risk Management, LLC. FRM provides an exhaustive array of personal lines insurance and risk management solutions for the affluent household.

Coverages and services provided by FRM include:

  • Homeowners (Domestic, Second Home, International Property)
  • Automobile (private passenger, collectables, motorcycles)
  • Watercraft/Aircraft (yacht, mega-yacht, personal boats, single engine, etc.)
  • Liability (Excess limits available up to $100 million)
  • Valuable Articles (fine art, jewelry, wine, etc.)
  • High Limit Umbrella

Mitch Freedman began his insurance career with Aon Corporation in 1999 in their commercial healthcare practice, providing risk management solutions to large integrated delivery systems and managed care organizations. In 2002, he launched, developed and managed the personal insurance brokerage operation for Aon Private Risk Management in Washington, DC. Starting in 2005, he launched, developed and managed the DC-area operation for NFP P&C Private Client Group (formerly Lane McVicker, LLC).

Since 2012, Mitch has been recognized by Washingtonian magazine as one of the area’s top insurance advisors and by Northern Virginia magazine as one of the areas most trusted risk managers as voted on by industry peers. He has also authored a number of articles on personal risk management over the years on topics such as high-valued home insurance, adequate personal liability insurance, and valuables coverage for wine and other collectibles. Mitch resides in Leesburg, VA with his wife, Audrey, and stepson William. He is an avid golfer, a fan of European football, and a proud supporter of Arsenal Football Club. Mitch is also an active Board Member of Loudoun Junior Golf Association, currently serving as Vice President. We look forward to Mitch joining us and providing exceptional advice and service to our clients.

Annual Company Retreat – Whitewater Rafting!

At GWE, we work hard to provide the best solutions for our clients’ needs. We research products, perform continuous reviews, align financial goals, and deliver on our promise to look out for the best interest of our clients. But even the best oiled machine deserves a little R&R. Once a year, GWE steps out of the office to take advantage of the beautiful summer weather and endless activities this area has to offer. This year, our firm took at thrilling whitewater rafting trip down the Potomac and Shenandoah rivers for our annual company retreat. We sure do know how to have a good time!

GWE 14th Anniversary!

On July 1st, there were a number of noteworthy events that occurred throughout history, including; the Battle of Gettysburg (1863), Canada declares its independence (1863), The Battle of San Juan Hill (1898), the first Sony Walkman goes on sale (1979), the PG-13 movie rating debuts (1984), and the return of Hong Kong back to China (1997). But another significant event took place on July 1st, 2001, when Scott Greenberg and David Wexler founded Greenberg, Wexler and Associates with two employees and one “associates.” Today, with Keith Eig added to the partnership roster, GWE has three partners, four associates, six phenomenal employees and three strategic partnerships. Our goal of providing objective advice, independent carrier representation, and extraordinary service has made us one of the top insurance brokerage firms in the country. We’d like to thank all of our clients and advisors who have helped us on our remarkable journey. We look forward to continuing to providing exceptional service and advice for many more years to come.

Welcome, Jackson Lunman Rogers!

We would like to welcome our newest and youngest member of the GWE family, Jackson Lunman Rogers!

On April 26, at 8:53pm Carolyn Rogers gave birth to her second son, Jackson. Everyone at GWE is overjoyed for Carolyn and cannot wait to meet the little guy.

GWE’s Crabfest

Two things we love to do are treat our staff and spend time outside of the office. This past Friday, everyone at Greenberg, Wexler & Eig went to Scott’s house to relax and do what Marylanders do best in the summertime–eat crabs!

M Sabbatical Trip

On July 15th, Scott and Cindy Greenberg and Keith and Andra Eig joined 150 other members of the M Financial community aboard the Silver Seas Whisper to sail the Baltic Sea during the 14th Biannual M Financial Sabbatical. Ports of call included Berlin, Gdansk, St. Petersburg and Stockholm. In addition to M Financial staff and member firm principals, top executives from all of M Financial’s carrier partners were on board to “talk shop” and provide resources to benefit our client’s insurance portfolios.