Disability Insurance For Plumbers

Disability Insurance For PlumbersNow a day’s it seems like just about every profession in the world has gone “high tech”.  And “plumbing” is no exception!

Which is why…

It makes all the sense in the world for today’s modern plumbing professional to want to protect his or her investment that they have made in career by being sure that they themselves are insured just in case the “unthinkable” might happen to them personally.

You see…

Gone is the age when an individual could simply invest a few bucks in a few tools and go from being an “apprentice” to a “master plumber” in a few years.

Today’s reality…

Is that in addition to having to spend years learning your craft, a true professional is also going to likely have to spend $10,000’s of thousands if not $100,000’s of thousands of dollars investing in tools, machinery and equipment just so that they’ll be able to perform even some of the most “basic” plumbing tasks.

Not to mention…

All the time and energy they will need to invest in keeping up with all of the new rules and regulations that seem to change on a daily basis just so that they can be sure that they work is up to code!

And this is…

Exactly why we here at TermLife2Go believe that every plumber should at least consider purchasing a disability insurance policy in addition to having a qualify life insurance policy in place so that if anything where to happen to them which might force them to no longer be able to work, they and their family would be protected financially.

Because we shouldn’t…

Have to remind you that getting injured on the job as a plumber is a real possibility.  After all, it’s not like your job consists of sitting around a desk all day.

As most plumbers know, you may be required to be available 24hrs a day, 7 days a week.  And could mean that one day you’re simply taking care of a clogged sink while the next it could mean climbing under the foundation of a building sauntering pipes while laying on your back in the dirt!

So, what would happen if…

You got hurt tomorrow?  You’ve probably already taken protection to cover the ‘what if I die’ scenario by getting life insurance.  But what happens if you don’t die?  What happens if your income suddenly disappears because you’ve been injured or because you’ve developed some type of sickness?

This is where…

Disability insurance policies can come into play.  These types of policies will help you protect you family, as well as yourself, if you suddenly find yourself unable to earn an income.

But it’s important…

To be sure to find the “right” type of disability insurance policy for you and your family and be sure that you don’t make one of the common mistakes many folks do when choosing “which” disability insurance policy that they should buy.

Types of disability insurance policies.

Short Term vs Long Term Disability Insurance Policies.

Short Term Disability Insurance:

Short Term Disability Insurance policies are disability insurance policies that are designed to step in and provide your family financial benefits for a “short” period of time.  For example, let’s say that you’ve been hurt or got sick in a way that’s going to keep you from being able to be a plumber for more than 30 days but less than a year (some short term disability insurance policies may provide coverage for a longer period of time). Then short term disability insurance will have you covered.

Long Term Disability Insurance:

Long Term Disability Insurance policies on the other hand are designed to help provide financial protection in the event that you become sick or injured for a longer period of time.

Length of Long Term Policies:

The length of a typical long term policy can vary, but frequently, these types of disability insurance policies will be sold offering coverage for 2, 5, 10, or even more years.  They can also be purchased so that they will continue to provide coverage up to a certain age if a client wishes (usually between 50-65). This is called the benefit period.

Our recommendation…

Because nobody really knows what the future has in store for them, we here at TermLife2Go typically like to recommend that all of our clients first take a look at what a long term disability insurance policy will cost, then compare that cost to what a short term disability insurance policy would cost.

We do this…

Because who knows if you’ll ever end up becoming disability, but one thing that we can all be certain about is that if you were to become disabled and God forbid that disability was permanent, the last thing in the world that you would want is to have to worry about when your disability benefits were ending because you choose to purchase a short term disability police instead of a long term.  Particularly if you never even considered purchasing a long term disability insurance policy in the first place!

But Short Term vs Long Term is only half the story…

You’re also going to want to know what “type” of definition your disability insurance policy is working when it comes time to determining whether or not you will be able to qualify for your benefits.

You see…

Disability insurance policies will generally use two types of definitions when it comes to the term “occupation”.  Your disability insurance policy will either provide coverage when you are no longer able to perform your “own” job or it will begin providing coverage when you are unable to perform “any” job.

Own vs Any Occupation.

Own Occupation:

You are a plumber. Own Occupation Disability Insurance will help you if you are hurt in a way that will make your job as a plumber an impossible job for you to continue for a short or long period of time. Sure, you may be able to do another line of work, but if you can’t be a plumber, you would qualify for coverage.

Any Occupation:

Any occupation on the other hand would limit your ability to qualify for benefits because with ANY OCCUPATION, you would need to be disabled in a way that would prevent you from being able to perform ANY job.

Or to put it another way…

Sure it’s true that your disability is preventing your from being able to work as a plumber, but it’s not debilitating enough to prevent you from becoming a cashier!

This is why…

We here at TermLife2Go will typically recommend that all plumbers first look at disability insurance policies that use one “own” occupation first then if the cost seems to prohibitive, they can then see what an “any” occupation policy would cost.

The good news is that…

We here at TermLife2Go offer all sorts of types of disability insurance policies from all sorts of insurance companies.  So.. we don’t have to try and “Sell” you on any one type of product, instead, we can present you with a list of options, provide you quotes for each and let you decide which insurance product is going the be the “best” for you.

Plus, we’re going to be able to answer any questions that you may have!  So, what are you waiting for?  Give us a call today and see what we can do for you!

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