Skip to main content
Accessibility  |  Contact  |  Privacy  |  Terms of Service

Disability Insurance: The Need Is Now

  • Published: 2010-08-03 : Author: AccuQuote
  • Synopsis: AccuQuote in the United States explains the benefits of having quality disability insurance.

Main Document

AccuQuote, a leader in providing term life insurance quotes to people across the United States, explains the benefits of disability insurance.

The multi-carrier life insurance quoting and brokerage firm encourages families to include disability insurance in their overall financial plan.

What is it? Disability insurance, also known as disability income insurance, is designed to compensate an insured person for a portion of their lost income because of a disabling injury or illness. How does it work? Benefit payments are made either weekly or monthly for a specified period of time during the continuance of the insured's disability.

Disabilities happen more often than most people think. Here are the facts:

"It's something we all take for granted - the ability to work," says Byron Udell, founder and CEO of AccuQuote. "But think about it, what would you do if you weren't able to earn any money for 90 days, a year, five years or even longer? How would you and your family pay for the mortgage, food and other bills? How long could your family survive financially? Disability insurance takes all of those worries away."

AccuQuote offers two types of disability insurance; non-cancel-able and guaranteed renewable. In non-cancel-able disability insurance the policy's premium can never be raised above the amount shown in the policy, and benefits will not be reduced as long as the premiums are paid on time.

Guaranteed renewable disability insurance gives the insured the right to renew the policy with the same benefits, but the insurer can increase the premiums, as long as they are increased for all other policyholders in the same class (i.e., having the same characteristics).

"Keep in mind, if you're counting on your group disability insurance, you may want to take a closer look," says Udell. "One overwhelming disadvantage of group disability insurance is that it can be reduced or even terminated if you leave your current employer."

For more information about disability insurance, contact AccuQuote at 800-442-9899.

About AccuQuote - AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals that can help answer questions, identify important issues, and make meaningful recommendations. The company offers consumers an extensive selection of life insurance options, including term life, whole life, and universal life, as well as selected annuities. The website has many handy insurance tools, including a term life insurance calculator to help you figure out how much to buy, a glossary that explains industry terminology, a collection of articles that cover the basics about life insurance and a blog which answers many questions about life insurance. For additional information or to get quotes for affordable term life insurance, please call 1-888-314-4455.

Similar Topics

1 : Survey Reveals Americans Underestimate Risk of Disability : Anthem, Inc..
2 : Things to Consider When Buying Disability Insurance :
3 : Income Protection for Medical Residents and Fellows : Secura Consultants.
4 : Dealing with ERISA When it Comes to Eating Disorders : Kantor and Kantor .
5 : Canadian Workers Not Prepared for Financial Impact of Disability : RBC Insurance.
From our Insurance section - Full List (162 Items)

Submit disability news, coming events, as well as assistive technology product news and reviews.

Loan Information for low income singles, families, seniors and disabled. Includes home, vehicle and personal loans.

Famous People with Disabilities - Well known people with disabilities and conditions who contributed to society.

List of awareness ribbon colors and their meaning. Also see our calendar of awareness dates.

Blood Pressure Chart - What should your blood pressure be, and information on blood group types/compatibility.

1 : Actress Eileen Grubba Advocates for Inclusion from Hollywood to the Boardroom
2 : Types of Genetic Mutations Associated with Nephrotic Syndrome Identified
3 : Fighting My Cancer as Much as Possible - Why Many Patients Join Phase 1 Clinical Trials
4 : Social Stigma Can Stand in the Way of Food Insecurity Screening
5 : Being a Clone of Itself May Make Toenail Fungus Vulnerable to New Treatments


Disclaimer: This site does not employ and is not overseen by medical professionals. Content on Disabled World is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of a physician or other qualified health provider with any questions you may have regarding a medical condition. See our Terms of Service for more information.

Reporting Errors: Disabled World is an independent website, your assistance in reporting outdated or inaccurate information is appreciated. If you find an error please let us know.