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Protect Your Future by Investing in an Optimum Disability Insurance Policy
Every working professional aspires to achieve financial freedom when s/he won’t have any debts to repay and whatever s/he earns, can be utilized to improve his/her quality of life. In fact, many professionals manage to do just that but if you think that they had little or no disruption in their lives, you are far away from the truth. Disability is a prevalent issue of our time and as many as 12% of Americans are suffering from it at any point. That’s not all; studies have shown that one in three working Americans will become disabled for at least 3 months before the age of 65. Despite that, disability insurance awareness month needs to be observed during May every year to educate people about the need for cover against this risk.
Disability can prevent you from working to earn
Unlike what many people wrongly assume, the main cause of disability is not accidental injuries but illnesses and medical conditions. If you read disability news stories, you will realize that over 90% of disability cases are caused by illnesses and medical conditions. This is massive evidence to prove that every worker is at risk.
Whether you are doing hazardous work at a factory or a desk job in a back office, your chances of suffering disability are almost similar. If you ignore your disability concerns and then happen to fall ill with a long recovery period stretching years, it could financially pull you down by a few years. Regaining your financial condition post-recovery could be extremely challenging.
Long term disability can ruin you financially
As a working professional, your most productive years are the two decades between your early twenties and your early forties. Beyond that, most folks achieve financial independence while some others continue to struggle. Read disability articles to know what happens when you don’t get cover against disability.
When you hear real disability stories, you will realize that most people facing financial ruin after long-term illness and disability either had no disability insurance or had short term cover. Everybody has living expenses and bills to pay and even short-term disruptions make it very difficult to manage it later. Long-term disability insurance covers your living expenses and bills, which is adequate to get through the tough times.
Get guidance from the right advisor
Investing in any kind of insurance requires you to know the basics of the particular kind of cover you are seeking. In most cases, you won’t even know the extent of coverage you need and that’s why you need the guidance of a reliable insurance broker advisor. Speak to family and friends for recommendations especially if they have had a satisfactory experience with any broker.
Doctors disability insurance is not just about reading up the policy terms and conditions but also knowing industry insights and clues about riders in the different policies. A broker-agent advisor is an industry professional with in-depth knowledge and experience of which policy is best for whom. When you hire a broker advisor, rest assured that you will get high-quality service.
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.
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