Many people never think about being unable to work, but it can happen to anyone. You could be involved in a car accident that leaves you unable to work. You may be hurt as a result of falling. Or you may develop a condition or disease that limits your ability to work. What would happen to you in these instances? 

For many men and women, the thought of being unable to work brings up worry and concern. It is because of these risks that everyone should consider the value of having disability insurance. It can be that safety net you need to have peace of mind financially. 

Who Needs Disability Insurance? 

Health insurance is something you likely do not overlook. You know the risks are there that you’ll need to go in to see the doctor, or your child may fall off his or her bike and need care. Yet, health insurance is not enough. While it can help to cover your medical bills, it does not help in covering your time lost at work or your long-term disability needs. For that, you need a policy specifically designed to minimize these risks. 

Disability insurance is truly necessary for many people. It is especially important for individuals to consider long-term disability insurance, which can help you in events where you are out of work for several months or years. It can help you to have the income you need during this time. Keep in mind that some people may qualify for Social Security Disability. However, that does not replace your income in total and often only provides a fraction of support. True disability insurance offers much more protection. 

You may need this insurance if: 

• You are not financially independent. 

• You have dependents, as well as debts, that rely on your income. 

• You do not have the savings to support a short-term or long-term inability to work. 

Because the financial risks of becoming disabled are very worrisome, it is a good idea to speak to your health insurance provider about the advantages of this type of plan. With it, you can have peace of mind knowing that many of your financial obligations will be taken care of if you cannot keep working.

If you become disabled, God forbid, standard-unemployment benefits will likely not provide what it takes to replace your income. Disability insurance gives you the ultimate safeguard. Cosmo Insurance Agency in New Jersey will shop for the ideal plan, from the superior carrier, based on your individual situation.

Cosmo Insurance Agency is an independent insurance agency serving surrounding communities in New Jersey. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating the latest in technology-based tools and laws on healthcare, employee benefits, life insurance and finance, we keep our clients up-to-date with the plans that encompass all of their needs, whether it is individual or group insurance. 

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