Which is First: Health or Disability Insurance?
The U.S. health insurance industry faces a strange situation - health insurance is mandatory for everyone today, but only 27% of American income earners have Disability Insurance, based on LIMRA, the Life Insurance Marketing and Research Association research.
However, few people knows about this - the health insurance business started as disability insurance! Do the industry and consumer get the priority wrong?
Health Insurance Benefits Doctors, Disability Insurance Benefits You
In theory, yes. Because with health insurance, it provides the necessities of life for doctors, hospital workers and the medicine merchants, but it does not pay the mortgage or buy food and clothing for the family. On the contrary, Disability Insurance pays benefits for the necessities of life when accidents happen.
Do You Have Adequate Disability Insurance Coverage?
One possible reason is most working people got their disability insurance coverages from their workplaces, another possible reason is lack of awareness - for example, few people know if they have adequate disability insurance coverage from their workplaces.
If you want to do a shop around of the best disability insurance, please contact us, we can find the best plan that fits your needs as an independent agent.