Individual disability insurance is an excellent way to help protect your income and financial standing if you suffer a disabling injury or illness. If you need more protection for your paycheck, contact our agent at Spectrum Benefits in Plano, Texas, to talk about individual disability insurance.
Why Buy Individual Disability Insurance?
When you stop to think about it, your paycheck is what makes the lifestyle you have possible. Sometimes the unexpected happens. If you were unable to work because of an illness or injury, how would you pay your mortgage, utilities, car payment, credit cards, and countless other expenses? How long could you get by without a paycheck?
Unexpected medical problems, accidents, and injuries can get in the way of earning an income. Individual disability insurance can help you protect what matters most and pay your expenses if you are unable to work because of an illness or injury.
Disability insurance is designed to cover more than catastrophic accidents that result in injuries. Illnesses such as cancer and multiple sclerosis can also have a dramatic impact on your ability to work and support your family. In fact, the vast majority of disabilities are the result of an illness or health condition.
Disability Insurance Costs
The price of disability insurance will vary per individual. Pre-existing health conditions can increase the cost of this insurance, and may not be covered for the first year of the policy. Factors that affect premiums include:
- Current salary
- Smoking status
- Health conditions
Our agent at Spectrum Benefits can help you shop for the best available rates on an individual disability insurance policy to protect your income and your way of life.