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Facts About Disability Guardian Insurance
Disability Guardian Insurance
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Disability Guardian Insurance is provided by Guardian, one of the largest insurance companies in the country with almost 150 years of experience in the insurance business. Disability insurance is one of their primary markets. Why is disability such an important issue?
If you are unable to work for a long period of time, then you are no longer able to earn any income. This puts a great burden on you, especially if you provide for a family. But whether you work or not, new bills are constantly coming through demanding to be paid. In fact, after coping with a disability your regular bills may slightly increase due to medical treatment or other home expenses. Disability Guardian Insurance can help you.
What Disability Guardian Insurance Does
This form of insurance can help you maintain your living standard by replacing a portion of your income whenever you become disabled. The income you receive is not taxable, and can be as much as 60% of your usual monthly gross. This might not be as much as you would like, but in the event of a serious disability, it can be a real life saver. Your primary bills can be paid this way while you budget the rest of your expenses down until you're able to return to work. This is particularly useful to someone who doesn't have a large savings or checking account, or who has no other assets. It saves you from having to ask friends or family for money and brings you a little peace of mind during a difficult situation.
People of all ages and social statuses should think about disability guardian insurance. It's easy to suggest that only family couples would be interested in disability insurance, since they have most of the bills to pay. However, even single individuals have special need of disability insurance. If one member of a married couple becomes disabled, the other can still work. But if you're single, you're on your own—unless there's a bachelor bad you can move into sometime soon.
What Are The Odds?
What are the odds you would really require disability guardian insurance? It's great to have, but isn't it just a waste of money? Not if you look at it from a statistical point of view. The odds are that one in every 88 homes would be damaged in a fire, thus there is homeowners insurance. One in every 70 automobiles will be involved in a serious accident, explaining automobile insurance. One in every 106 people will die, emphasizing the need for a reliable life insurance policy. What are the odds you will get sick or injured and have to miss work for an indefinite period of time? One in five if you're a man, one in three if you're a woman, and one in seven overall, will be temporarily or permanently disabled before they turn 65 years of age. Disabilities could be anything from a broken foot, a serious bout with pneumonia to a back problem or heart disease.
For the best results, try searching for an individual disability guardian insurance on line. Guardian has a website set up explaining their plan details, and also submits information to insurance vendors which scan every insurance company in a given area, returning specific plan offers to customers. Don't take a risk...insure your income!
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