As a professor, you help educate and prepare our youth for success in the real world. Depending on the school in which you work, your specialization and other factors, you’ll earn somewhere between $45,000 and $120,000 per year as a professor, as well. Of course, that income is needed to support your family. You have mortgage payments, auto loan payments, tuition costs for your children, and a great deal more. What would happen to those obligations if you weren’t able to work due to a disability? Professor disability insurance can help to limit the impact of a disability.
Understanding Your Risk for Disability
Are you relatively young? Do you take good care of your health? Do you exercise regularly and eat a healthful diet? Those factors can make you believe you’re not at risk for a disability, but that’s not the case. Frighteningly, one third of Americans will be disabled before they can reach retirement age. In fact, you have a one in five chance of being disabled for at least three weeks before you turn 65 if you’re near the age of 40 right now. Disability can strike anyone, of any background, at any time. Cancer, arthritis, diabetes and heart disease are just a few examples of the threats you face.
The Role of Disability Insurance
What can professor disability insurance do to mitigate the risks you face? Simply put, this powerful tool can ensure that you and your family have the financial stability needed to weather the storm and come out the other side. Once you have been out of work for a specified amount of time with a qualifying disability, your insurer will begin paying you – you’ll bring in a pre-set percentage of your monthly average income. That money can then be used for whatever you need, whether that’s paying down past due bills, or replenishing your depleted savings.
The issue here is that finding the right insurer can be difficult, but we can help. We give you the ability to compare insurers, disability coverage, covered items and more all at a glance. We invite you to contact us today by calling 1-877-221-6198 to learn more. You can also use the form on this page to get in touch.