Why Is Disability Insurance Important?
Masons work with stones, bricks, and other building materials to create everything from patios to retaining walls, and a great deal more. As a mason, you likely earn between $29,000 and $69,000 per year. That income goes to support both your family and your business – you’ll have to make your mortgage payments, pay for health insurance, pay for car loans, and much more.
What would occur if you were not able to work? It’s rare that anyone can meet their financial obligations without their monthly income. Even a brief period in which you are unable to work could be detrimental to your financial situation. Mason disability insurance can help reduce your risks.
Who Needs Disability Insurance
Disability insurance is an important asset to have in your life, regardless of your profession or income size. However, having mason 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. Get mason disability insurance and protect yourself and your financial interest today.
Other Insurances Don’t Protect
Although you may think you’re protected by your worker’s compensation, it will only cover injuries and accidents in your workplace. Your auto insurance and health insurance will only cover medical and doctor’s bills, surgeries, medication, rehabilitation, and similar costs in case you become disabled. But none of these will replace your lost income to ensure when your disabled, and that’s what you will need to meet your regular financial obligations.
The only insurance that will help in these cases is mason disability insurance. If you become disabled, the insurance company will pay you the monthly benefits as specified in the policy. Take the time to choose the best mason disability insurance for your needs and budget.
The Prospect of Being Disabled
Working professionals have little time to entertain thoughts of what might be – you’re too involved with what must be done right now. Unfortunately, more and more American workers find themselves sidelined with a disability – up to one-third of US workers will experience a disability before reaching retirement age. You could even be injured at home doing simple yard work, or on the way to work.
Even just a few weeks out of work could spell disaster for your family and your business. Imagine what a month or more without any income could do. That’s where disability insurance comes into play.
Your Job Affects Your Rates
As a mason, your most valuable asset is your arms. If you injure any of them at any part you won’t be able to keep working and producing a profit. This is a concerning fact considering 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 materials all the time which just adds to the risk of you being injured. This is not something to take lightly.
How much coverage do you need?
The first step to finding out how much coverage you will need is to determine the minimum amount necessary for your living expenses monthly. Then, add the other sources of your monthly income without your salary such as an employer’s group disability insurance, your savings, etc.
The coverage of your disability insurance policy should be close to the difference between your monthly expenses and your expected income. It’s the amount that should be replaced by the monthly benefit from your mason disability insurance.
Why You Need Us
It’s not as simple as choosing the first policy you encounter. You need to make an accurate comparison and an informed decision between insurance companies. This is because insurers, insurance coverage, disability rates, and even covered items can vary dramatically.
When you compare quotes from disability insurance companies, consider things like the stated minimum and maximum benefit percentage, the optional coverage items, and even the company’s reputation for customer service.
That’s where we can help. We specialize in helping you compare disability rates and covered items, disability definitions and durations, and other important criteria. Our goal is to ensure that you’re able to make an informed decision and find the peace of mind you need.
Buy a Disability Insurance Policy While You’re Young
The price of your mason disability insurance policy depends on the risk of you filing an insurance claim and one of the main 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, so the premiums you will pay get higher as time goes on.
You can buy disability insurance today and save money in the long-term. Each year you age is more money you’ll be paying out in premiums.
Will Disability Happen To You?
Will you become disabled, though? While it’s hoped that you will not, there’s a good chance that you will. If you’re near 40 years old right now, you actually have a one in five chance of being disabled for at least three weeks before you reach 65. In fact, one in three Americans will become disabled before they can retire. If you find yourself among their ranks, you need the protection offered by mason disability insurance. Don’t gamble on your future and financial well being.
It requires time and effort to study and compare the various mason disability insurance policies offered by various insurance companies. Let us help you with disability insurance. If you’re ready to begin, call us today at 1-877-221-6198 or use the form on this page to get in touch.