Saturday, March 24, 2018

Forgotten Health Care Coverage You Need to Include

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When shopping for health insurance, disability insurance is often forgotten. You you need health insurance and it remains the most important coverage for you and your family. Anyone can become sick or hurt unexpectedly.

Whether you are employed or a small business owner, you can become sick or hurt, unable to generate an income, and find yourself financially devastated. Disability insurance is what's necessary.

Protection of Disability Insurance
Disability insurance is designed to protect you from such a dire situation. According to the Social Security Administration, 70% of the private sector work force has no long term disability insurance. Moreover, 3 on 10 workers entering the work force today will become disabled before retiring. Without a doubt, most people own life insurance to provide income for their loved ones in the event of a premature death. However, death due to the big three: hypertension, heart disease, and diabetes have dropped by 32%. Disabilities due to these conditions are up by 55%.

Features of  Disability Insurance
How then can disability insurance provide the type of protection you need. The benefits for this type of insurance will help cover monthly living expenses when you are sick or hurt and unable to work. If you are a small business owner, disability insurance will cover your monthly business overhead expenses until you return. This premium is tax-deductible for the small business owner.

Here are three important things to consider when pondering the purchase of disability insurance:
  1. Age is a primary factor in determining the premium
  2. Most disability policies are issued for clients between the ages of 18 and 60.
  3. And, depending on your case, financial documents may be required.
Knowing this ahead of time will make the process move smoothly and satisfactorily.

Call (773) 614-3201 for a free consultation or leave your e-mail address to learn more about disability insurance or a medicare supplement plan. if you are receiving Medicare.  
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