Nurses Disability Insurance
As a nurse, you are accustomed to caring for others. But what happens when you become the one in need of care? If a disabling illness or injury leaves you unable to work, how will you pay your bills?
Disability Income Insurance can help. This type of insurance can provide you with a portion of your regular paycheck, offering financial protection when you are unable to earn an income. Nurses disability insurance can be purchased as an individual policy or as part of a group policy through an employer. When considering whether to purchase nurses disability insurance, it is important to review the coverage and exclusions carefully to make sure it is the right fit for you.
Is Disability Insurance The Same As Long-Term Policy?
When most people think of disability insurance (DI), they imagine a long-term policy that will provide them with a steady income if they are unable to work due to an illness or injury. However, there are actually many different types of DI policies available, and the best option for each individual will depend on a number of factors.
Nurses disability insurance, for example, is designed specifically for nurses who want to protect their income in case they are unable to work. The benefit amount and benefit period will vary depending on the policy, but nurses can typically expect to receive a portion of their regular salary for a set period of time. There is also an elimination period, which is the length of time that nurses must be unable to work before they can begin receiving benefits. By taking the time to understand the different types of DI policies available, nurses can make sure they find a policy that fits their needs.
No Claims During The Policy’s Period?
What if you haven’t made any claims throughout the policy’s duration?
Here’s how it works: the ROP rider ensures that, if you remain claim-free at the end of your policy term, you’ll get back 100% of your eligible premiums (minus any benefits paid). That means that, even if you never need to use your nurses disability insurance, you’ll still get your money back. And if you do need to use your policy, you’ll be glad you have the coverage.
So if you’re looking for a disability insurance policy that gives you a little extra peace of mind, consider a policy with an ROP rider. It could be just what you need.
Need More Coverage Than You Originally Purchased?
When you first purchase nurses disability insurance, you may not anticipate needing more coverage in the future. However, your income and financial obligations are likely to change over time, and you may find yourself in need of additional coverage.
The Guaranteed Insurability Option (GIO) Rider allows you to purchase additional DI coverage up to five times in the future without going through the medical underwriting process for each purchase. This rider is especially helpful for nurses who are anticipating a significant increase in income, such as those who are considering going back to school or taking on a new job.
Get The Coverage You Need
Nurses are vital members of the healthcare team, providing essential care to patients. However, nurses are also at risk for on-the-job injuries, which can result in lost time from work and reduced income. That’s why Health Coverage Source offers nurses disability insurance, to help protect them financially in the event that they are unable to work. Our policies are tailored specifically for nurses, and we offer a variety of coverage options to suit your needs.
Contact us today at 405-309-7322 to learn more about our nurses disability insurance. We’ll be happy to answer any of your questions and help you find the right coverage for your needs.