0
Disability insurance protects a person's most valuable financial asset, the ability to work and earn an income. Most of what people do and purchase throughout their lives will depend on their income and the expectation of their income continuing.
People buy Disability insurance, because it insures that if you are not able to work due to an injury or illness, you will still have an income source. It protects you, your family and your future from suffering a financial disaster if an unexpected illness or injury occurs.
Think of it this way... If you earn an average of $100,000 per year and work for 40 years - Your income potential is $4,000,000. If someone gave you a machine that was designed to print out $4,000,000 over a 40-year period, would you insure it?
We insure our cars and our homes which are worth much less than this. Shouldn't we insure our income, and ability to earn one?
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Purchase Disability Insurance?
form_title=Purchase Disability Insurance form_header=If you're suffering from a disability, insurance can help pay for bills and other needs. Have you received disability insurance in the past?= () Yes () No Does your employer offer disability insurance?= () Yes () No How quickly, and for how long, do you need disability insurance?=_
Where can one buy disability insurance online?
Mutual of Omaha is one online website where someone can purchase disability insurance. State Farm's website also has this insurance available for purchase online.
Where can I purchase disability insurance coverage?
Disability insurance is a pretty common insurance for many companies. You can check with health insurance providers like Aetna, Blue Cross Blue Shield, or Cigna.
Where can one purchase individual short term disability insurance in California?
The best way to purchase individual short term disability insurance in California is through a company that sells this insurance. Speak to a financial adviser at a company to see if one qualifies.
Can you get disability insurance before surg?
If you are currently unable to work or disabled, you may not be able to qualify for a regular disability insurance policy. There are few insurance companies that can offer substandard disability insurance, or graded benefit disability insurance. You should discuss this with an experienced agent, before you get the surgery.
Where can you learn more about disability insurance?
For disability insurance I would first start with my employer, most offer extra disability insurance for a discounted fee. I don't know a lot about other types but talking to a insurance agent should be a good source for information.
Disability Insurance?
form_title=Disability Insurance form_header=Disability insurance will protect your income when you are unable to. Get a policy that will provide security for financial future. Do you currently have any disabilities?= () Yes () No Do you currently have any type of disability insurance?= () Yes () No Who would you like to add as a beneficiary?=_
Does Texas have State Disability?
Texas does not have state disability. There are only 5 states that do. The option was left up to each person. You can purchase individual short term disability insurance in Texas on your own.
Can you purchase a second short term disability insurance if you already have short term disability insurance through your employer?
Yes you can get supplemental coverage. Most carriers will limit the total benefit amount to under 70% of your income. For example, if your current policy replaces 35% of your income, you can purchase a supplemental disability policy to replace an additional 35%
Does the state of offer disability insurance?
Five states have mandatory short term disability insurance: CA, HI, NJ, NY, and RI. The other 45 do not have state plans, but you can purchase a private policy through your employer.
Where can a person get a comparison of disability insurance rates?
One can get a comparison of disability insurance rates on websites like Insurance Data, Disability can Happen, RBC Insurance, Termlife Insurance or SB Information.
Where is the best place to live if you have a disability?
You can live anywhere in the US and do well if you have a disability. Depending on the disability, you can get disability insurance. Disability insurance is figured by your work history and if you get approved.
