If you’re a software engineer, you know that your job is relatively safer than other jobs out there. But this doesn’t mean that you’re not under the risk of experiencing a disability that will leave you unable to work for a certain period of time, and that’s why you should consider finding a way to protect your income.
The Need For Software Engineer Disability Insurance
Whether you work with an app developer, own your own software development firm, or play another role in the industry, working as a software engineer can be very rewarding. It can also ensure that you earn a good living. The average salary in the US falls between $45,000 and $95,000 per year.
From that salary, you’ll need to pay for your home, your vehicles, utilities and more. You will have to pay for ongoing training in new development technologies, and possibly for business-related costs if you own a development firm. How will you maintain those financial obligations if you’re not able to work due to an injury or illness, though? Software engineer disability insurance helps you do that.
How Software Engineer Disability Insurance Works
Software engineer disability Insurance protects your income by providing you with a stream of income if you experience a qualifying disability. Your insurer will pay you a percentage of your average monthly income, and you can then use that money to cover your regular monthly costs, from your car insurance and utility bills to your home’s mortgage payment.
Will Other Insurance Policies Help?
Shouldn’t worker’s compensation provide the coverage you need? In a sense, yes, but your worker’s comp only applies if you’re injured on the job, not outside of it. But have you thought about what would happen if you were injured elsewhere? Your health insurance doesn’t provide any coverage for lost income and that would be inevitable if you are unable to work due to an injury. Your auto insurance surely won’t give you a supplemental source of income if you’re injured and unable to work.
That leaves you with little to no protection in the event that you’re not able to work for a period of time, while your bills pile up and your obligations go unmet. However, software engineer disability insurance can help you cover some of these costs and let you focus on healing and recovering instead of worrying about how much debt you will accumulate during your disability.
You Are at Risk or a Disability
We’d all like to think that the potential for becoming disabled is tied to the risk inherent with our work or workplace. That’s not really the case, though. While injuries certainly do lead to disabilities, the leading causes of disability in the US are actually medical conditions. Those are not related to a work environment and can strike anyone at any time. You are at risk for heart disease, stroke, diabetes, cancer, and more. Software engineer disability insurance reduces the implications of that risk. Moreover, if you’re near the age of 40, there’s a 20% chance that you’ll sustain a disability that lasts three weeks or longer before you reach the age of 65. Disability insurance can help you mitigate this risk.
Software Engineer Disability Insurance Offers Peace of Mind
Software engineer disability insurance is designed to help foster peace of mind and financial stability. If you’re forced out of work by a qualifying disability, your insurer will provide you with payments based on your average monthly income. Those payments can then be used for whatever you might need, from paying your utility bill to paying office staff at your development firm.
Why Choose Us
When you come to us for help with software engineer disability insurance, we start working immediately. We work with seasoned professionals from the insurance field to make sure you can find the coverage you need and want. With us, you can:
- Review rates from some of the leading providers of individual disability insurance.
- Get quotes from all major insurers in the US that currently offer insurance products in your specific geographic area.
- Learn more about your options when it comes to software engineer disability insurance and how it can benefit you in the event that you’re injured and unable to work.
Finding the Right Software Engineer Disability Insurance
Of course, not all disability insurance policies are created equal. Some are highly beneficial. Others are highly restrictive. Some are flexible, others are rigid. You need to make an informed, accurate comparison before purchasing a policy. We can help you do that – we specialize in providing professionals just like you with the ability to compare disability insurance rates, policy terms, inclusions, benefit amounts and more.
We want you to be able to make an informed decision when it comes to your disability insurance policy and insurer that you choose, though. They’re not all the same. We give you the ability to compare your options, determine which meets your needs best, and to find the right cost for your budget, too.
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 as opposed to other sources of monthly income without your salary. The coverage of your disability insurance policy should be close to the difference between the two – your monthly expenses and expected income. It’s the amount that should be replaced by the monthly benefit from your individual disability insurance.
Buy a Disability Insurance Policy While You’re Young
Disability insurance policies are priced based on the risk of you becoming disabled. If you’re at a higher risk, you will pay more and one of the primary factors that contribute to higher risk is age. You can protect yourself and your valuable income by purchasing disability insurance today.
Buying disability insurance earlier can save you money in the long-term. Each year you age is more money you’ll be paying out each month or year in premiums.
Call us today to start your process. Dial 1-877-221-6198, or you can use the form on this page to contact us if you prefer.