Disability Insurance

Disability Insurance Awareness Month Reminds Professionals to Protect Their Family’s Future

Disability Insurance Awareness Month focuses on educating professionals in all industries about the need to protect their finances with insurance in the event they become ill or are too injured to work

San Clamente, CA (PRWEB) May 21, 2009 — In today’s tough economy, more people than ever are concerned about whether they have enough money saved to continue paying their bills in the event of a lay-off. Unfortunately, many of these people don’t realize that disability insurance is just as important, and perhaps more important, than a bit of money stashed in their savings accounts. Disability Insurance Awareness Month, sponsored by the non-profit organization the Life and Health Insurance Foundation for Education (LIFE).

Chuck Krugh, President of Doctor Disability, explained, “If you ask the average person on the street if they have enough insurance to protect their family financially in case something happens to them, most people will immediately think of life insurance. Almost everyone purchases insurance to take care of their loved ones if they die. This is an excellent idea, but it isn’t enough. According to LIFE, you are far more likely to become temporarily disabled than you are to die at a relatively young age.

Unfortunately, many people never think about until it’s too late. Almost one person in three will be disabled during their working years for at least three months. A savings account is a nice cushion, but you can go through your money very quickly when you’re disabled. You not only have to take care of your regular expenses, you’ll probably also have medical deductibles, prescriptions and a lot of other expenses that add to your financial burden.”

With the economy faltering across the country, more people than ever are having to dig into their savings to make ends meet. When the main breadwinner is a professional, a disability can mean financial disaster because their income is so vital to their family’s stability. For this reason, professionals such as doctors, lawyers and engineers should never go without disability insurance.

If a professional is disabled and his or her income is lost, there’s very little the family can do to retain their standard of living or pay for expenses, since it is unlikely other family members can earn the same income. Several disability insurance companies offer customized Disability Insurance for physicians and dentists. To compare policies, ask for at least three disability insurance quotes from respected companies specializing in this form of coverage.

“We want professionals to understand exactly what’s at stake,” continued Krugh. “They should sit down and work out their monthly budget and how long they could survive financially if they were suddenly injured or developed a serious illness. Most will be shocked by just how quickly they would run through what they have. For this reason, we’re encouraging all professionals to consult with an insurance specialist or go online to get disability insurance information during Disability Insurance awareness month. They should get a few quotes on Long Term disability insurance and determine the kind of coverage they need. It’s just too important to leave to chance.”

About Doctor Disability
Doctor Disability, based in San Clemente, California, specializes in providing quotes on a variety of physician’s disability insurance plans to consumers so that they can make an informed choice about disability coverage. The company provides free disability insurance quotes from leading providers, enabling doctors to compare plans from multiple providers. For more information, visit www.doctordisability.com.

# # #

For the original version on PRWeb visit: http://www.prweb.com/releases/DisabilityInsurance/DisabilityInsuranceQuotes/prweb2440964.htm