All Income Earners Should Consider Disability Insurance

NJ disability insurance is an income that can be paid weekly or monthly to policyholders who can no longer work due to illness or injury. The details of the payments depend on the policy and options chosen. The disability policy you purchase defines how soon after the disabling event payments should begin, what percentage of income you may be paid, and how long to expect the payments to continue.

No one likes to think about the possibility of illness or injury preventing them from bringing home an income. Unfortunately, the reality is that it does happen. Take a moment to think about how you and your family would cope if your income was abruptly halted. How would you cover your mortgage payments, car payments, your credit card debt, your child’s education expenses, and your daily living costs?

On top of your regular financial expenses, an illness or injury could incur continuing medical expenses, along with expenses related to home and car modifications. Without disability insurance, how would you cope with these potential financial burdens?

Every person who brings home an income should consider purchasing disability insurance. On-the-job accidents may be covered by workers compensation insurance, but off-the-job injuries and illness might only be covered if you have a NJ disability insurance policy.

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