Facts About Disability Insurance Unum
Disability Insurance Unum
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Disability insurance Unum is a policy offered by Unum, a specialty insurance holding company in Portland, Maine. Unum is the nation's leading provider of group longterm disability insurance, as well as a major provider of individual disability insurance. Along with disability benefits, they also provide long term care insurance for nursing home expenses and life insurance benefits in case of death. Unum has been in the insurance business for over one hundred and fifty years!
Why is disability insurance such an important issue? If you are injured and unable to work, then that puts a great financial burden on you. You are still expected to pay your bills and provide for your family, despite the fact that you have no money! Not only do bills keep on coming when you're out of work, they might slightly increase—especially if you have medical bills to pay.
What Disability Insurance Unum Can Do For You
The disability insurance unum disability plan can help you maintain your standard of living by replacing your lost work income in the event of an injury or major illness. The income they send you is not taxable, and can be as much as 60% of what your gross monthly income would ordinarily be. Though only a portion of your full paycheck, it will help out a great deal in paying for your monthly expenses. This is especially helpful to people who are self employed and who don't have the luxury of sick leave. It is also a necessity for workers who don't have access to a personal checking or savings account with thousands of dollars of cash reserves.
But you don't need disability insurance unum coverage if you're young, healthy and single, right? Think again. It's actually more of a risk to be single and uninsured than it is to be part of a household. With a married couple, if one mate is disabled then he or she can file for disability while the other supplies at least 50% of the usual household income. After a debilitating injury a single person is left with nothing but a large list of expenses due with no cash to pay it.
The Odds Are In Favor
The odds are in your favor, of requiring some form of sufficient disability insurance unum coverage. According to health industry experts, one in 88 homes will be damaged in a fire, which explains the need for homeowners insurance. One in every 70 automobiles will be involved in a major collision, explaining automobile insurance which is legally required. One in every 106 people will die, which definitely accounts for the large amount of life insurance policies currently waiting. Now in contrast, the odds of you becoming temporarily or permanently disabled? One in seven, before you reach the age of 65. Disabilities could be something minor like a twisted ankle or broken foot, to something life threatening like a heart problem or serious case of pneumonia.
It is best to search for a disability insurance plan on line. A disability insurance unum policy is one of many plans that could fit you. For more information on Unum visit www.unumprovident.com or visit an insurance vendor site for assistance on choosing another provider.
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