The Importance of obtaining Insurance

If you are a construction worker that works hard and diligent everyday in order to support your family financially over seas, there is a product called disability insurance that will enable you to receive a monthly income whenever you become injured on the job.

“In case of death the beneficiaries are able to receive the full-face amount. Or if you never use the benefits once your term is over you can get all your premiums reimbursed.” Assured Andy Albright to Que Pasa, CEO of National Agents Alliance, a marketer for insurance carriers in Burlington.

According to Albright these kinds of policies are even available to people that do not have a social security number, in other words even those that have a tax ID number or ITIN can apply for these kinds of cover ages.

Yamile Lara, Hispanic specialist at the company, (explained that in fact the product is available to anyone that works.) stated as an example a non-smoker, 28 yr old male construction worker who wants to be covered for $250k would pay approximately $79/month in order to receive this coverage. “You can obtain a term plan from 15 to 30 years. In case the insured gets disabled the policy would give him a benefit of $1,500 on a monthly basis during the time that he is unable to work for up to 18 months”.

When the coverage term expires and the worker is still alive and has never used the policy benefits he can expect a reimbursement of all the premiums that he had paid, for example the amount will be all of the monthly premiums multiplied by the term years if he had paid $79/mo he would get back $28,440 after 30 years. “It is like a savings tool,” Albright declared.

Lara stated, “also, if the worker dies in an accident his family would get the face amount plus 50% more which in this example would be $375k.” assured the Hispanic specialist. “Aside from that the death benefit can be sent anywhere in the world tax free because the taxes were paid during the monthly premium payments.” Lara affirmed.