Why You Need Engineer Disability Insurance
As a mechanical or electrical engineer, you earn an income that probably falls between $42,000 and $91,000. From that amount, you’re responsible for handling ongoing financial obligations. You have a mortgage that needs to be paid each month. You have car payments and insurance. You might have school loans of your own or pay for your children’s tuition. You might even have business costs. How well could you manage those obligations if you were out of work due to a disability? Engineer disability insurance can make the situation easier to bear.
What Is Disability Insurance Designed to Do?
Not sure what engineer disability insurance is designed to do? It’s simple – it pays for your financial obligations when you are unable to earn an income. You might assume that your health insurance will help, or that your auto insurance will pay out if you’re injured in a car accident.
The truth is that while both of these can help pay for medical bills, treatment, physical therapy, medication, and the like, they do nothing about meeting your ongoing financial obligations if you are out of work and unable to earn an income. This is something only disability insurance can help you with. If you find yourself disabled, your insurance company will provide you with a stream of income based on your average annual salary. That money can be used for anything you need.
Will You Be Disabled?
Most of us don’t really believe that we’ll be disabled, or we believe that if we are, we’ll be covered by worker’s compensation. Sadly, that’s not the case for most of us. The leading cause of disability in the United States is not work-related injuries or conditions, but medical conditions. You face a range of medical threats, such as heart disease, arthritis, and even cancer. Those conditions can strike you at any time, and there’s little you can do about it.
Moreover, if you’re near the age of 40, there’s a one in five chance that you’ll sustain a disability that lasts three weeks or longer before you reach the age of 65. That’s a frightening fact, but engineer disability insurance can help you mitigate this risk.
Your Job Affects Your Rates
As an engineer, your most valuable asset is your arms. You use them every day to do your work, and if you injure any of them in any area, you may not be able to keep working as you did before. This is a concerning fact to consider, considering that more than half of the broken bones in adults in the US happen to arms. You have to be prepared and protect your income, and this can be done only through disability insurance.
Your job also carries risks other jobs may not. You’re handling tough and often risky materials and machines, which only adds to the risk of you being injured and unable to work. This is not something to take lightly. Get engineer disability insurance today and protect yourself against these risks.
How Can We Help?
When you come to us for help with disability insurance, we immediately work on your behalf. We can help you make a side-by-side comparison of the offerings from top-rated US insurance companies and ensure that you’re able to arrive at an informed decision. We work with leading insurance professionals throughout the country to make sure you find the coverage you need.
How To Get Engineer Disability Insurance
Knowing how your disability insurance policy works and how to find the best one is important, but thankfully, that’s not that complicated. You’ll first need to purchase a policy from an insurer and develop a qualifying disability (a condition that meets your insurer’s definition of “disability”). Then, that disability needs to force you out of work for a preset period. Once that happens, your insurer will start paying you based on your average monthly income.
With that being said, you need to make sure you’ve chosen the right engineer disability insurance policy, and that you’re working with the ideal insurer. That requires an in-depth comparison that most people find difficult to make. We can help. We allow you to compare disability insurance quotes from leading US insurers, as well as insurance rates, coverage areas, and more.
Buy a Disability Insurance Policy While You’re Young
The price of your engineer disability insurance policy is determined by the risk of you developing an illness or experiencing an injury that would prevent you from working. The higher your risk of a disability is, the more you’ll pay in premiums. One of the primary factors that contribute to being graded as a higher risk person is your age. Statistics show that the older you are, the more likely you are to become disabled, and because of this, the premiums you will pay get higher as time goes on.
You can buy disability insurance today and save money in the long-term. We invite you to get in touch with us today. Call 1-877-221-6198 or us the form on the right to contact us.