Looking For California Disability Insurance?
California Disability Insurance
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California is full of people! It's the largest state in terms of population in the country and is home to over thirty-three million people. It comes as no surprise (especially to any one who has lived or vacationed there) that California living can be expensive. The cost of living in California is much higher than that of other U.S. states; so if you don't make a lot of money and can't live economically, then you may find yourself moving to another state entirely. (Unless you're on television—and who isn't these days?)
But great job or not, if you become disabled and have to miss several weeks or even months of work, then you're in serious trouble. The term disabled could mean anything from a serious illness (that you could get just from meeting the wrong person on a bus) or even breaking an appendage in a freak accident.
Do You Really Need California Disability Insurance?
Come on, nobody breaks legs or arms in California! Don't be too sure. Statistics show that suddenly becoming disabled is likely to happen—in fact it's far more likely than death, even in the notorious state of Earthquakes. National Underwriter Magazine reported on a study that showed that: one in three Americans would become disabled for 90 days or more before reaching the age of 65. The average absence from work resulting from a serious disability was two and a half years. Finally, 80% of working Americans do not have disability insurance or have a cheap policy that's not worth much.
How odd that more Americans have life insurance policies in place than they do disability insurance. In the unfortunate event of death, money is provided to the surviving family. But in the event of a disability (though you're thankfully still alive!) you are losing money by missing work. Who can provide for you and your family if you're physically unable to resume your work schedule? You may have workers' compensation with your group insurance, but will it cover you if you are injured off the job? What if you get sick from pneumonia? Can you prove it's a work related injury?
How California Disability Insurance Can Help
California is the last place you want to be caught having nothing. The cost of living is very expensive. So missing just a few months of work could wipe out your savings account. Nobody likes borrowing money from friends and relatives; so the best alternative is to “borrow” from an insurance company with California disability insurance. It's your money anyway, so nobody really loses and you will get some desperately needed income at a time when you have no other options.
Depending on which California disability insurance company you choose from, you could start receiving checks anywhere from 45%-60% of your usual monthly gross. This amount would also be tax free. California disability insurance can provide for you and your family and lend you peace of mind. Start shopping ahead of time, when you're in good health, to get the best deal on a disability insurance policy.
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