Do you currently have a lifestyle you enjoy? Do you have a spouse or other partner you are financially responsible for? If you answered yes to these questions, now is the time to consider mortgage protection and disability insurance. Everything could change in a minute if something were to happen to you. Here are 5 important things to understand when buying disability insurance.

It’s not fun to think about the worst-case scenario, but considering what your inability to work would mean, allows you to create the best possible outcome. Financial instability can be avoided with planning. Mortgage protection insurance and disability insurance provide protection for your family in the event you are unable to work for an extended period of time.

20/20 mortgage life insurance has many benefits:

  • It’s flexible
  • It’s easy to qualify
  • It’s affordable
  • It provides the continued quality of life you want for your family

Understand Your Family’s Insurance Needs

At 20/20, we understand how important family is. That’s why we offer affordable and flexible mortgage life insurance, disability coverage, and critical illness insurance, to help you protect your loved ones no matter what unexpected circumstances life throws your way.

Want to know more?



5 Important Things to Understand When Buying Disability Insurance

1. Assess Your Risk

An individual’s situation will determine what insurance they require. Owning a home, being married, having children and caring for elderly parents are just a few factors that might need to be considered. Consider your income and financial needs to be certain your coverage is sufficient to meet the needs of your family in the event of your disability.

2. Apply When You're Healthy

Disability Insurance must be in place before you need it. The application process might require medical underwriting, which may include a review of your medical records, blood tests, and a physical.

3. Think About Your Work

If you work in a high-risk profession such as construction, disability insurance should be a given. However, it is possible for a serious injury to leave anyone unable to perform their duties. If you spend long periods of time sitting at a desk or driving for work, a back injury would affect your ability to work.


4. Understand the Terminology Used to Describe Disability

Total disability or totally disabled means a condition resulting from an illness, an injury or a nervous disorder which requires the continuous care of a physician and that prevents the insured from performing his regular duties in regard to any of the following:

  • Any occupation in which he or she was engaged immediately before the date he or she became disabled.
  • His or her main occupation.
  • Any occupation for which the insured worked at least 20 hours per week for at least 8 weeks during the 12 months immediately preceding his or her total disability.

To be considered totally disabled, the insured must not engage in any gainful occupation, employment or activity allowing him or her to draw profits, gains, salaries or any other form of remuneration while he or she is totally disabled.

5. What is the Length and Coverage of Your Insurance

There are other options for disability insurance including one that is typically offered through your employer. This type of disability insurance however isn’t portable, so if you quit your job, your coverage will end.

20/20 Mortgage Life Disability Coverage, when purchased with the Mortgage Protection Insurance, is completely portable. This means when you change jobs, you continue to be covered. Also, when you renew your mortgage or choose to move it from one lending institution to another, your disability coverage remains securely in place.


Call Today

To find out more about our mortgage life disability coverage, or to discuss your needs with one of our licensed agents, contact us at 1-844-974-2020 or fill in our online contact form.

Share this Post:

Related Posts