Why Teachers Need Disability Insurance
When it comes to insurance needs, “disability insurance” might not be at the top of your mind as a teacher. But, there are plenty of reasons that this type of coverage makes sense to have.
Often, policy buyers consider disability insurance to be more for those working in hazardous situations, such as construction sites. But educators should also think about disability insurance!
What Is Disability Insurance?
Disability insurance is a type of coverage that offers payment when you cannot work due to injury. Disability insurance can also cover your cost of living in the event of illness or poor health.
An even further and often overlooked portion of disability insurance is the fact that it can include coverage for mental health needs, too. After all, it isn’t just your physical health that can be demanding in the workplace.
Depending on the policy, you can earn up to 60 percent of your full salary (tax-free to you) while you are injured or seeking medical care. This can really come in handy when those unexpected emergencies pop up.
Why Do Teachers Need Disability Insurance?
You may think of disability insurance being necessary only in catastrophic incidents, such as a car accident leaving you hospitalized for months, or an emergency surgery that can leave you out of work for weeks.
However, there are a lot of reasons, including mental health, that someone may need some time away from work. Teachers especially have struggled in the past few years, coming off of a worldwide pandemic.
While many were eager to return to a classroom setting, with in-person education, there were certainly struggles in the process. Many educators are burning out, with some even seeking to leave the profession or retire early.
Disability insurance can help cover your expenses while you take a mental health break, seek recovery time, or even undergo extended treatment. In short, your mental health needs can be covered by disability insurance because mental health = health!
An Insurance That Makes Sense
While few think it is necessary, disability insurance is really something any income earner should consider. Some of the main reasons to consider an individual plan for yourself include:
Accidents can happen to anyone.
You never know when you will need it.
Disabilities can last weeks, months, or even years.
Your family counts on your income.
Teachers, you are superheroes to your students, families, and communities. But you aren’t invincible. So to find out more about insurance coverage that makes sense for your individual needs, contact our offices and make an appointment today! And learn more about how Gretchen Rehm Financial helps teachers and educators, right here.
Insurance products are not offered through The Lincoln Investment Companies.
