Why You Should Consider Investing in Disability Insurance

When asked about your most valuable asset, would you say your home, car, or other possessions? What about your ability to earn an income? While many people don’t immediately consider that ability as an asset, think about what would happen if you were injured or suffered an illness and were unable to continue working. Similar to protecting your car or home against unexpected damage with insurance, NJ disability insurance provides protection if your ability to work is impaired.

In the event that the worst happened, and you were too sick or disabled to work for an extended period of time, would you have enough back-up funds to continue your usual standard of living? Foreclosure on your home, bankruptcy, and even homelessness are alarming possibilities. The reality is that if you’re earning an income, you likely need to protect it with disability insurance.

Another thing to keep in mind is that an illness or accident could keep you from working and be costly in other ways. For example, you may be required to pay ongoing medical expenses and for modifications to your car and home.

Remember that all your regular expenses also need to be paid, such as your mortgage, credit card debt, and car payments. As you can see, unexpectedly losing your income may place you in an extremely tough position, so consider investing in NJ disability insurance to help protect your lifestyle.

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