Professor Disability Insurance
Professor Disability Insurance
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. It can lessen the financial loss while you’re not able to work. Your disability insurance company will pay you the monthly benefits as specified in the policy, so you have to take the time to choose the most suitable disability insurance for your needs and budget.
Understanding Your Risk of Disability
Are you relatively young? Do you take good care of your health? Do you exercise regularly and eat a healthy 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. Sadly, these conditions are no respecters of person, and they can strike anyone, at any time, in any stage of life. Professor disability insurance can help you make it through your disability while ensuring you have the means to meet financial obligations.
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 on 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.
Other Types of Insurance Don’t Protect You
You may think that worker’s compensation will protect you if you become disabled, but it will provide coverage only if you’re injured on the job, not outside of it. If something happens that will prevent you from working for a certain period, you would be left with little to no protection.
During this time, medical bills and regular costs won’t subside. You will still have to keep up with your mortgage, rent, loan repayments, and utility bills, all while you’re paying for your medical costs. If you don’t have a big saving fund on the side to cover for all of this, you’re under significant risk of falling in debt. This can be prevented through professor disability insurance. Having a steady income source will let you focus your recovery instead of worrying about how much debt you will accumulate during your absence of work.
Choosing the Right Insurance Protection
Disability insurance provides you with a percentage of your average monthly income in the event of a qualifying disability. You can use that money to support your family in any way that you choose. However, choosing the right insurer with the best rates is not so simple. The definitions of a qualifying disability, coverage areas, and covered items can vary with different insurance providers, so you must make an informed decision.
We can help you make that informed decision. We have years of experience and skilled professionals working tirelessly. We can quickly help you find the disability insurance coverage you need to ensure your financial stability and peace of mind.
Compare Different Rates
With professor disability insurance, you’ll enjoy an ongoing stream of income from your insurer if you experience a qualifying disability. You can use that income to meet all of your financial obligations.
When you compare quotes from different 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.
Look for Unisex Rates
Statistics show that women are more prone to developing a disability that will prevent them from working full time. Hence, the premiums calculated for women’s disability insurance policies are higher than those for men.
Women have also stated that experiencing a disability would be “somewhat devastating” to their family’s finances and that their cash reserves would last less than a month if they couldn’t work, which further shows the importance of professor disability insurance.
We Help You Find Coverage
When you come to us for help with your professor disability insurance, we include you in every step of the process. We will make sure you understand not just the insurer options, but also your options in coverage terms and other considerations.
With our assistance, you can compare quotes and coverage options from top-ranked insurers across the United States. We also give you the ability to compare all major insurance companies in the US, compare disability insurance rates and costs, and even compare disability definitions. Our sole goal is to help you make the best decision and get the disability insurance protection that you need.
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.
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