Finding affordable life insurance when you have a history of depression can be a challenging and complex process. Most consumers understand that life insurers rate according to age and health, but many do not consider the mental health aspect of underwriting. Underwriters are likely to question you about your mental health and your parents’ mental […]
Intramark Provides Own-Occupation Disability Insurance Quotes
Too many people delay obtaining the protection they need – once a disability has occurred, you will likely become uninsurable; premiums will skyrocket in a best case scenario. In addition, the older people get, the more expensive coverage becomes. Should you suffer an illness or accident that leaves you unable to work, what would happen to your home? Your family? Your quality of life?
Did You Know?
- In 2015, more than half of people in the United States who had disabilities were people of working age between 18 and 64 years of age; almost 42% of disabled citizens were age 65 and older.
- The percentage of people with disabilities in the United States increased every year from 2010 to 2015.
- In 2015, 35.4% of people in the U.S. age 65 and older were disabled; more than 10% of all people between the ages of 18 and 64 were disabled.
- Almost 90% of disabling illnesses and accidents are not work-related.
- If you are younger than 35 years old, the chance that you will be disabled for at least six months during your career is 1 in 3.
- 3 in 10 workers entering the workforce today will become disabled before they retire.
- With the right disability insurance, you could replace a majority of your regular income if you are unable to work.
Long-Term vs. Short-Term Disability Insurance
You may have heard of several types of disability insurance available, as well as various options that might be open for your consideration. One of the choices you’ll have to make is regarding long-term and short-term insurance coverage. Short-term coverage can recover up to 60% of your normal income for a time-period ranging from a few months up to one year. Most short-term policies are issued for employer-based, larger groups.
A long-term policy can replace up to 60% of your income up until either age 65 or age 67 if you were to become disabled due to an illness or accident. Premiums for long-term policies are higher than for short-term coverage, but the peace of mind of long-term coverage is also greater.
Own-Occupation vs. Any Occupation Disability Insurance
You will also need to weigh your options for own-occupation insurance and any-occupation coverage. Own-occupation coverage will pay out benefits if you are unable to perform the duties of your own occupation. In contrast, should you choose any occupation insurance coverage, you’ll only be able to replace income if you’re unable to work in any occupation at all.
A disability can happen to anyone at any time, and if your income depends on you working, what would happen if you were suddenly unable to do so? Disability insurance is designed to keep income flowing, even if you’re unable to work. Can you afford not to have this type of insurance? Intramark Insurance includes both disability and life insurance, and we can help you every step of the way during the process.
Our experienced representatives will provide you with quotes and a thorough explanation of coverage once you fill out our Disability Insurance Quote Request form. Your representative will also complete an application with you for the policy that best fits your needs, if you should choose to apply.
Contact Us Today for Help with Disability Insurance Quotes Online
Intramark Insurance is more than a leading online life insurance broker; we also provide the same level of outstanding service to customers interested in learning about and purchasing disability insurance. We have helped hundreds of people just like you save money as they protect themselves and their families from unforeseen disabilities that could compromise their incomes.
All quotes are offered to you with no-obligation on your part, and our professionals are here to help you with as little or as much of the process as you need. Don’t wait until it’s too late to protect you and your family – fill out our Disability Insurance Quote Request form now.
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