Occupational disability insurance: This is how useful it is to take out insurance

Occupational disability insurance: This is how useful it is to take out insurance

Anyone who relies solely on their income should consider taking out occupational disability insurance, even at a young age. Such protection is often confused with incapacity, although it goes much further than that. No one is immune from serious illnesses or accidents, and if these result in you being unable to do your job, it can lead to significant financial difficulties.

It is crucial to secure yourself financially early in order to be prepared for all risks. Occupational disability insurance offers important protection here. However, the large number of offers makes it essential to seek comprehensive advice. Comparisons are an important step in finding the right insurance for your individual needs. However, it should be noted that some portals act as insurance intermediaries and may not list all available insurers in comparison.

Important features of good occupational disability insurance include the payment of a pension if the insured person can no longer perform their job at least 50 percent, as well as the recognition of occupational disability after six months with a rate of at least 50 percent. In addition, the money should be paid retroactively if the notification of occupational disability was delayed. A contract with worldwide validity and protection against contract termination or premium increases in the event of undetected pre-existing illnesses is also an advantage.

Experts recommend taking out occupational disability insurance early because the premiums are cheaper and the protection is immediate. Health conditions and occupational risks can change over the years, which is why it makes sense to take precautions early on. In contrast, people who only take out insurance at an advanced age can expect significantly higher premiums due to existing health problems.