NJ Disability Insurance
One of your most important assets is your ability to make a living. There are circumstances in which through illness or injury your ability is incapacitated. In these times you can collect disability insurance to help you through this difficulty. If you are self-employed or your coverage through your employer is nonexistent or inadequate you need this coverage.
Employer-sponsored disability insurance usually pays only a portion of your base salary, up to a cap. It also does not cover bonuses or commissions. Generally, you cannot replace more than 75% of your income from all the coverage combined. Buying your own policy does allow you to customize your options such as cost of living adjustments. In addition, you know you always have your coverage regardless of where you are employed.
The Different Types of Disability Insurance
There are two main types of disability insurance — short-term and long-term coverage. Both replace a portion of your monthly base salary up to a cap during disability. Some long-term policies may cover additional services, such as training to return to the workforce.
However, you chose to deal with disability insurance you should remember a few things.
Disability insurance is one of the things we can help you with here at BEW Financial Solutions. Please feel free to call us at 973 831-2188 or complete the form here on our website to follow up.
Wherever your needs fall we are here to guide you and work with you to your best solutions.
BEW: The Right Fit
Since insurance is such an important part of our life planning you should speak to someone who knows the information you need to know. You need to talk to someone who understands how important this is to you and your family. You need someone who can treat you like family.
Knowledge and compassion fit are what BEW is about. We have been in the business for over twenty years. We are a local small business that has been a part of our community for many years. We have raised a family and helped many local families as well. We love to educate our clients about the different aspects of insurance and find what is best for them. We want you to understand and are always here to help.
