Might is Incapacity Insurance coverage Consciousness Month. Do YOU have incapacity protection? If not, why not?
[Editor’s Note: This post was originally published on May 5, 2013, and has been revamped and updated.]
Your most necessary asset is your skill to work and earn a residing. What occurs in the event you weren’t capable of earn cash for 90 days, a 12 months and even longer? How would you pay to your mortgage, meals, vehicles and different payments? How lengthy may you and your loved ones survive?
What’s my danger of turning into disabled?
The percentages of struggling an extended term incapacity are excessive for all employees as a result of sickness—not accidents—account for 90% of disabilities that maintain folks out of labor.
Don’t depend on group incapacity protection
Your employer or group incapacity insurance plan is probably not all you suppose it’s. One overwhelming drawback of group incapacity insurance is that it may be lowered and even terminated in the event you go away your present employer.
A greater choice is to get protection with a person incapacity insurance coverage you buy by yourself. A privately owned coverage is moveable, that means you received’t have to fret about shedding protection in the event you change jobs.
Essential options of incapacity earnings insurance:
- Non-cancelable – The coverage’s premium can by no means be raised above the quantity proven within the coverage. So long as the premiums are paid on time, the advantages is probably not lowered.
- Assured renewable – You might have the proper to resume the coverage with the identical advantages, however the insurer can improve your premiums – so long as they’re elevated for all different policyholders in the identical class
- Peace of thoughts – Figuring out that your loved ones’s monetary safety would nonetheless be protected even in the event you have been unable to earn an earnings on account of a incapacity.
AccuQuote is proud to be working with Life Occurs to assist promote Incapacity Insurance coverage Consciousness Month (DIAM). AccuQuote shall be publishing incapacity insurance consciousness promotional collateral all through the month of Might by way of social media.
We, at AccuQuote thinks incapacity insurance is actual necessary. For extra data, go to our web site.