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 you might be paying 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.
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 really 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. Engineer disability insurance can make it easier to get through those periods.
How Disability Protection Functions
Once you’ve purchased an engineer disability insurance policy, experienced a qualifying disability and missed a predetermined about of time on the job, you will start to receive payments from your insurance company. These payments are based on your actual earnings, and can be used to meet any financial obligation you might have.
Of course, you do need to make sure that you’re working with the right insurer, and that you’ve chosen the best possible engineer disability insurance policy. That can be tough, as insurers and covered items can vary dramatically. 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 invite you to get in touch with us today. Call 1-877-221-6198 or us the form on the right to contact us.