Not many people want to think about what they’ll do in the event that they become disabled and no longer have the ability to work. However, this is an extremely important thing for every working person to consider, especially if you rely on your current income to pay your bills and cover your basic living expenses. For this reason, it’s a good idea to begin thinking about purchasing a long-term disability insurance policy, which will go a long way in protecting you from the hardship that comes along with loss of income should you find yourself physically unable to do your job. Before you begin your search for the right policy for you, here are a few things you should definitely be aware of:
1. Many people purchase their initial long-term disability insurance policy through their employer. Although this can be beneficial, it is still vital that you look over your employer’s policy to make sure that it meets your needs. You may need to consider such things as the specific disabilities that you are covered for, whether there is a gap between short and long-term disability insurance start dates, and whether the policy with provide you with enough income.
2. Even if you have purchased an insurance policy through your employer, be aware that you still may need to purchase supplemental Long Term Disability Insurance in New Jersey. Depending on where you live, you may need to think about additional policy riders that will make adjustments for the cost of living or cover the cost of hospital confinement if that ever becomes necessary.
3. As you look for a good policy, consider using an insurance agent to help you with your search. They’ll have all the premium rate quotes you need at their fingertips, and they’ll be able to answer any questions you have or alert you to possible issues that you may face with your chosen policy.
Planning for your future with Long Term Disability Insurance in New Jersey is one of the best ways to cover your living expenses at every stage of your life. As you think about what you want in a long-term disability policy, consider contacting the professionals at Rosenthal Insurance. Click here to get more information about how you can speak with a knowledgeable agent about your needs and gain peace of mind that you’ll be able to live comfortably no matter what your future holds.
