Why General Manager Disability Insurance?
As a general manager, you’re central to making decisions that affect the company on a daily basis. You’re at the heart of every business-critical process, and every policy change. Chances are good that in return for those responsibilities, you earn somewhere between $34,000 and $157,000 depending on the industry in which the business is located, as well as your education, experience, and other factors.
What would happen if you were unable to work for some time? How long would it take to burn through your savings and start to fall behind on your financial obligations? The good news is that you can use general manager disability insurance to protect yourself and your family from this potential situation.
Will You Be Disabled?
Many of us have a hard time believing that we could be disabled. It always seems like something that happens to others, not something that will ever directly affect us. The sad reality is that anyone can be affected by disability, regardless of your health level or your fitness.
Cancer, diabetes, heart disease, arthritis – there is little you can do to reduce your chance of developing these frightening conditions. Still, they can all result in you being disabled for a period and unable to work. Ultimately, a full one-third of America’s workforce will be disabled before they reach the age of retirement. These are some concerning statistics, which is why you should start thinking about disability insurance today.
The Need for General Manager Disability Insurance
General manager disability insurance is designed to offset the potential for financial trouble if you find yourself disabled and unable to work for a while. Whether you’re injured or become ill, the right disability insurance policy will pay you a percentage of your average monthly income. That money can be used for anything you might need, whether that’s paying your mortgage payment or paying your utility bills.
Why might you need to compare general manager insurance quotes? There are several reasons for this. One of those is to ensure that you’re able to find the least costly insurance policy. The other is to make sure that you find the policy that fits your needs best. Insurers, disability definitions, benefit terms, and many other factors vary significantly, and you’ll need to make an informed comparison to ensure that you have the protection you require.
How Your Rates Are Calculated
Every insurance company ranks the factors to determine the cost of a policy – age, gender, income, the health of the individual, location, and specialty. These factors are analyzed carefully to determine the overall cost of occupational disability insurance. Many insurance providers offer general manager disability insurance, so before you settle for a particular insurance policy, check with all providers to make sure you choose the right one.
The problem is that not all disability insurance policies are the same. They can vary significantly from one insurer to another. We can help you choose the right insurer, understand your coverage areas, and more. We work with disability insurance providers across the nation to ensure you get the best rates under the best conditions.
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. Then, add the other sources of your monthly income without your salary, such as an employer’s group disability insurance, your savings, etc.
The coverage of your general manager disability insurance policy should be close to the difference between your monthly expenses and your expected income. It’s the amount that should be replaced by the monthly benefit from your disability insurance policy.
Buy a Disability Insurance Policy While You’re Young
The price of your general manager disability insurance policy depends on the risk of you filing an insurance claim. One of the main factors that contribute to being marked as a higher risk person is your age. Statistics show that the older you are, the more likely you are to become disabled, so the premiums you will pay get higher as time goes on.
You can buy general manager disability insurance today and save money in the long-term. Each year you age is more money you’ll be paying out in premiums. Contact us today to get started with your disability insurance.
We Will Guide You
In one survey, 45% of people who have disability insurance didn’t even know what their policy’s definition of disability is. More than 50% didn’t know what percentage of their salary they would receive if they were injured, and almost 70% said they postponed buying coverage so they could further study their options.
Our goal is to ensure that you’re able to make an informed decision and obtain the insurance you need for peace of mind. We will work with you to make sure you are involved in every step of the process and understand everything about your disability insurance policy before signing your name on the dotted line.
Ready to get started? Call us today at 1-877-221-6198, or use the form on this page to drop us a line and start building your financial safety.
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