Why You Need Disability Insurance
If you’ve ever seen the movie The Pursuit of Happyness, then you’re familiar with the story of Chris Gardner, a young and ambitious dad determined to provide for his family. When he was down on his luck, he never gave up - instead choosing to turn lemons into lemonade. And while this movie may be inspiring, it also isn't realistic enough for people with disabilities to survive without disability insurance.
That's why I've decided to write an article about disability insurance - what it entails, when you should get it and why you need it! Just read on for more info.
So what is disability insurance?
Disability insurance is a type of insurance that can help provide income if you have an illness or injury that prevents you from working. And while this type of insurance isn’t something we like to think about, it's best to be prepared for the worst and disabled people are sometimes given less opportunities in the workplace than people without disabilities.
This is because employers might assume they can’t do certain jobs because they’re disabled. That's why it’s important to stay productive and educated and take on tasks that don't require physical labor.
Another thing to keep in mind is that the job market isn't always fair. If you're disabled, then you might not be able to find a job that's a match for your experience and skill set. But disability insurance can help bridge that gap when you don’t have the funds to get unemployment or another type of work insurance until things start picking up again.
So how much is disability insurance?
There are four types of disability insurance: short-term (4 weeks), long-term (12 weeks), temporary total (24 weeks) and permanent total (36 or 60 weeks). In addition, many states also offer Disability Insurance Benefits (DIB) which can last for up to 18 months.
That being said, it's best to talk to a lender about what type of disability insurance is best for you. They'll be able to tell you how much money they're willing to loan out and whether or not you qualify for loan repayment programs. Plus, they'll be able to tell you the amount of time that the insurance will cover you for and when it would end.
Talk to a Lender Today
Now if only all disability insurance was that easy! But I guess that's what I get for writing about such a boring subject...
Until next time! Have a great day!
Melissa J.
Writer & Blogger at DisabilityInsuranceQuotes.com & Disability-InsuranceQuotes.net
Disability Insurance: A Needed Resource For You And Your Family www.disabilityinsurancequotes.com/blog... __________________Disability Insurance: A Needed Resource For You And Your Family www.disabilityinsurancequotes.com/blog...
I am a proud member of the Society of Human Resource Management and the National Disability Institute .
Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York.
DISCLAIMER: The information provided is general in nature and does not constitute legal advice nor should it be relied upon as such. No action should be taken without consulting an attorney if you have any legal questions pertaining to your specific situation or needs.
Disability Insurance: A Needed Resource For You And Your Family www.disabilityinsurancequotes.com/blog... __________________Disability Insurance: A Needed Resource For You And Your Family www.disabilityinsurancequotes.com/blog...
I am a proud member of the Society of Human Resource Management and the National Disability Institute .
I am a proud member of the Society of Human Resource Management and the National Disability Institute . Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York.
DISCLAIMER: The information provided is general in nature and does not constitute legal advice nor should it be relied upon as such. No action should be taken without consulting an attorney if you have any legal questions pertaining to your specific situation or needs.
I am a proud member of the Society of Human Resource Management and the National Disability Institute .
Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York.
DISCLAIMER: The information provided is general in nature and does not constitute legal advice nor should it be relied upon as such. No action should be taken without consulting an attorney if you have any legal questions pertaining to your specific situation or needs.
I am a proud member of the Society of Human Resource Management and the National Disability Institute .
Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York.
A Guide To Disability Insurance For People With Disabilities Blogger at www.disabilityinsurancequotes... __________________Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York. Disclaimer: The information provided is general in nature and does not constitute legal advice nor should it be relied upon as such. No action should be taken without consulting an attorney if you have any legal questions pertaining to your specific situation or needs. Disability Insurance: A Needed Resource For You And Your Family www.disabilityinsurancequotes.com/blog... __________________Disclosure: This posting is for informational purposes only. All opinions are my own and not those of any past, present or future employer. Your results may vary. I am licensed to sell insurance in Texas and New York.
Conclusion
If you’re a reader of my blog, then you’ll know that I write about disability insurance on a regular basis. I mean, it’s one of the most important issues to consider when you’re looking to apply for disability insurance. I want you to be able to protect your life and your income in the event that an injury or illness prevents you from working again.
But disability insurance is largely misunderstood. That’s why we need resources like this guide to help people who are just starting with their research and have no idea where to begin.