Do You Really Need Disability Insurance?
If you are an otolaryngologist, your income helps pay for a significant amount of your family’s monthly financial obligations. It also supports your medical practice, in all likelihood. Losing that income due to a disability could spell disaster, so investing in otolaryngologist disability insurance makes a great deal of sense.
Not convinced that you actually need to protect your quality of life and financial stability with otolaryngologist disability insurance? Think of this – what happens if you’re injured and forced to be out of work for weeks or even months? You probably earn between $115,000 and $400,000 per year. Where will you find the income to make your mortgage payments? Your school loans? Your children’s tuition? Your practice’s expenses?
Your worker’s compensation, health insurance, and auto insurance will only give you limited coverage for your medical costs, but what you will need then is a replacement for your lost income. This can be provided only through disability insurance.
Other Insurance Types Won’t Protect You
You might assume that your health insurance will help, or that your auto insurance will pay out if you’re injured in a car accident. The truth is that while both of these can help to pay for medical bills, treatment, physical therapy, medication, and the like, they do nothing about meeting your ongoing financial obligations if you are out of work and unable to earn an income.
What We Do For You
It’s not easy to choose the most suitable disability insurance policy that will protect your income should you become disabled by illness or injuries. Insurance companies offer different versions of disability insurance that they consider would be most attractive to their target consumers. We can help you find the coverage you need to ensure your financial stability and peace of mind. With our help, you can:
- Review rates from the leading providers of individual disability insurance
- We quote all the major disability insurance carriers, so you’ll have many quotes to compare to ensure that you’re getting the best possible coverage, at a rate that’s right for you.
- We’ll help you learn more about the options available to protect your income to ensure that you get the peace of mind and financial stability that you deserve.
The Likelihood of a Disability
You might think that you have almost no chance of experiencing a disability. Most of us don’t really like to contemplate that sort of thing, and we weigh the scale in our favor. The truth is that you have at least a 21% chance of experiencing a disability that lasts three weeks or longer by the time you turn 65 if you’re around 40 years of age right now.
You also run the risk of injury or illness that could leave you unable to work for weeks or even months. In some cases, your disability might last for years. By comparing otolaryngologist disability insurance quotes, you ensure that you’re able to purchase protection against the potential of an injury or an illness that would leave you unable to work and earn money.
Finding Otolaryngologist Disability Insurance
It can be difficult to find the protection you need, but we can help. With our assistance, you can compare quotes and coverage options from top-ranked insurers across the United States.
When you turn to us for help with your disability insurance, we make sure to include you in every step of the process. We work with you so you can understand not just the insurer options, but also your options in coverage terms and other considerations.
Buy a Disability Insurance Policy While You’re Young
The price of your disability insurance policy is determined by the risk. The higher your risk of a disability is, the more you’ll pay in premiums. One of the primary factors that contribute to being graded as a higher risk person is your age. Statistics show that the older you are the more likely you are to become disabled, and because of this, the premiums you will pay get higher as time goes on.
You can buy disability insurance today and save money in the long-term. Each year you age is more money you’ll be paying out in premiums.
Look for Unisex Rates
In general, women pay higher disability insurance rates than men. A recent study has shown that women are more likely than men to develop a disability that prevents them from being able to work full time. Rheumatism and arthritis are the most common disabilities women encounter, followed by cancer, heart disease, mental health, and diabetes.
Women have also reported that experiencing a disability would be “somewhat devastating” to their family’s finances. Many of the participants in the study said they worry that their cash reserves would last less than a month if they couldn’t work.
We Will Guide You
In one survey, 45% of people who have individual disability insurance didn’t know what their policy’s definition of disability is. More than one half of them didn’t know what percentage of their salary they would receive if they were injured and almost two-thirds of participants had 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.
To start the process, call us today at 1-877-221-6198 or use the form on this page.
