Engineers enjoy some of the most favorable occupational classifications available with individual disability insurance, which means the premiums are as affordable as it gets. Owning a long-term disability insurance policy is the most effective way for an engineer to protect his/her family, future and financial well-being from the risk of one day becoming too ill or injured to work.
Understanding Disability Insurance
In purchasing disability insurance, you should understand that every policy is different from the next. To properly protect your income as an engineer, you need to be familiar with the key provisions and optional riders available with an individual disability insurance policy. Depending on your age and current income, some benefits will be more important than others and understanding the options will allow you to make an informed decision.
- Own-occupation definition of total disability
- Residual disability benefits
- Non-cancelable provides guaranteed level premiums
- Future Increase Option
- Cost Of Living Adjustments
Supplementing Your Disability Insurance at Work
Do you know how much benefit you are provided through your group disability insurance at work? Are you familiar with the tax implications on employer sponsored disability benefits during a claim? For many engineers who are provided disability insurance through an employer, the after-tax value of these benefits would not be sufficient to maintain their current standard of living. Purchasing a supplemental disability insurance policy can help adequately protect your income at an affordable cost.
Comparing Disability Insurance Quotes
Our firm can help you to fully understand and compare personalized disability insurance options specific to your situation. Either call 800-817-4522 or submit a quote request today.