Why Foreman Disability Insurance?
As a foreman, you have significant responsibilities, whether you work in the construction industry, in manufacturing, or in some other setting. You probably earn an income between $30,000 and $80,000 per year, and you use that income to support your family and meet your financial obligations.
You use your salary to pay for things like your home, the car you drive, and your utility bills. However, that financial stability can be shattered in an instant – a disability could force you out of work for weeks or even months. Foreman disability insurance protects you against that possibility.
Who Needs Disability Insurance
Disability insurance is an important asset to have in your life, regardless of your profession or income size. However, having foreman disability insurance is that much more important if:
- You’re the breadwinner of the family
- You have a debt to pay off
- Your employer doesn’t provide any or provides only limited coverage
- You’re self-employed
Getting disability insurance can help you offset some of the risks your job carries. It will protect your financial stability and give you a source of income if you’re unable to produce one yourself.
Will You Become Disabled?
Think that disabilities are things that happen to other people, and not to you? Think again. The truth is that up to one-third of working Americans will experience a disability before retiring, and there’s even a one in five chance that you’ll be disabled for a minimum of three weeks before you turn 65 if you’re around the age of 40 right now. When you factor in things like predisposition, lifestyle choices, and the like, your risks go even higher. In this situation, it’s critical to protect your income.
Your worker’s compensation, health insurance, and auto insurance will only provide limited coverage for your medical costs, but what you will need then is a replacement for your lost income. This can be provided only through disability insurance.
What’s Disability Insurance All About?
Not sure this type of insurance really does? It’s simple – it helps you meet your financial obligations when you’re not able to work. If you’re out of work due to a qualifying disability for a minimum amount of time, your insurer will begin paying you based on your average annual income. That money is yours to do with as you need.
The hardest part of the process is making an informed decision about the insurer and the policy you choose. They can vary drastically, and it’s vital that you can compare your options on a side-by-side basis. We do that for you. We specialize in helping working professionals just like you find the protection they need – compare insurers, disability insurance rates, coverage areas, disability definitions, and more.
Why Choose Us
We work with one goal in our mind – to give you the financial stability you need and deserve. We work with insurers across the nation to provide professionals like you with the protection that only disability insurance can deliver. When you work with us:
- You’ll be able to review rates from the leading providers of individual disability insurance to make an informed comparison and a sound decision.
- We quote all the major disability insurance carriers, so you’ll have many quotes to compare to ensure that you’re getting the best possible coverage, at a rate that’s right for you.
- We’ll help you learn more about the options available to protect your income to ensure that you get the peace of mind and financial stability that you deserve.
Own Occupation and Any Occupations
Imagine after all those years of honing your skills you get injured and unable to perform your work tasks. This could be devastating to your family’s finances, but it can be prevented by purchasing own occupation or all occupation disability insurance policy.
Own occupation disability insurance policy will provide you with monthly benefits in case your disability prevents you from doing tasks in your work field. On the other hand, any occupation insurance policies will pay out benefits in case you are unable to perform any job, not only your own.
How Premiums Are Calculated
Every insurance company ranks the factors to determine the cost of a policy – age, gender, income, the health of the individual, location, and specialty. Each factor has specific criteria and formulas that determine the overall cost of the occupational disability insurance, so before you settle for a certain insurance policy, check with all providers to make sure you chose the right one.
When you turn to us for help with your disability insurance, we make sure to include you in every step of the process. We work with you to understand all your options in coverage terms and other considerations.
Buy a Disability Insurance Policy While You’re Young
The cost of your foreman insurance policy depends on the risk of a disability happening to you and one of the primary factors that contribute to being marked as a higher risk person is your age. You can save money in the long-term by purchasing coverage as early as possible. Each year you age is more money you’ll be paying out each month in premiums.
We Will Guide You
In one survey, 45% of people who have individual disability insurance didn’t know what their policy’s definition of disability is. More than one half of them didn’t know what percentage of their salary they would receive if they were injured and almost two-thirds of participants had postponed buying coverage so they could further study their options.
Our goal is to ensure that you’re able to make an informed decision. We will work with you to make sure you are involved in every step of the process and understand everything about your disability insurance policy before signing your name on the dotted line.
Let us help you find the best rate designed according to your financial needs. Contact us today to get started. Dial 1-877-221-6198 or use the form on this page.