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Disability Insurance

We've all heard the saying "he's out on disability", but what does it really mean? It means that person can no longer fulfill the duties of his or her job. And if you've ever spoken with a friend or co-worker who is out on disability, they were certain to relay that beyond their ailment, being strapped for cash or waiting for their papers to be "approved" is no picnic. Ask anyone around you if they have disability insurance, they will be sure to tell you that they have health insurance, but that's not what we're talking about. We're talking about replacing your income - income that is not replaced by any other type of policy - should you be unable to perform the duties of your job. Which duties is something only the insurance carriers can tell you, but that's far less important than being covered financially should a disability strike. It can be as simple as my mother's car accident. The resulting crash broke her pelvis in several places landing her in bed for months. She didn't have coverage so she had to settle for the state sponsored, short-term disability which amounted to a paltry $170 per week and that was the maximum she could get. How quickly do you think the bills would amass if you GROSSED $170 per week for a max of 26 weeks? What if you had a long-term disability? It's staggering and she was behind on her bills very quickly.

Why is it that folks will shell out two grand a year to INSURE a leased Lexus or Mercedes(never mind the $8500 per year in lease fees), yet they cannot imagine spending a few thousand to protect their income? Let's do the math: The Lexus is roughly $75k and you pay $2k to protect it. You earn $160k and might require a monthly benefit of $6k if disabled just to pay the bills. For example, let's say that it costs $3k per year at age 40. The $2k paid protects a $75k Lexus for one year and the $3k protects about the same amount in Annual income. You're saying to yourself, this is a bad example, but it's not. Here's why: the disability policy will pay until age 65 if that's the benefit you purchase, so 25 x 72k = $1,800,000! Yes, One million, eight hundred thousand dollars. Which is the better bet? To understand your options, please use the menu below to reach disability insurance specialists who stand ready to assist. Click to select the type of insurance quote --> Annuities Auto Insurance Boat & Yacht Insurance Commercial Auto Insurance Disability Insurance Flood Insurance Home Insurance Renters/Condo/Co-op/Townhouse Insurance Health Insurance - Individual & Family Health Insurance - Group & Small Business Life Insurance Long-Term Care Insurance Medicare Supplemental Health Insurance Motorcycle Insurance RV, Motorhome & Trailer Workers Compensation Please enter your 5-digit zip code: