Why You Should Consider Disability Insurance in NJ

Anyone that works for a living in New Jersey should consider purchasing disability insurance. This type of insurance may provide financial protection if you become ill or disabled while not on the job, and are unable to perform your usual work duties.

Tips for purchasing this type of insurance include:

• Taking all your regular expenses into account determines how much money you’d need to cover these bills if you became disabled. Keep in mind you may need to pay for additional health expenses too.
• It may be a wise move to purchase disability insurance before you become a higher claim risk. Age, pre-existing health problems, such as mature onset diabetes and heart issues, may increase your premiums.
• Long term disability insurance generally has a waiting period from as short as 4 weeks to as long as a year. Typically, the longer the waiting period, the lower the cost of the premiums.
• Speak to an insurance agent and ask plenty of questions so that you’re aware of all the options available to you.

Take a moment to contemplate how you and your family would cope if your ability to bring home an income was abruptly halted. Only a small percentage of families can weather a significant period of time without the regular income supplied by a job or small business income. Can your family afford to be without this type of insurance?

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