Most people don’t think too much about becoming disabled. After all, who wants yet another thing to worry about. At the same time, it is a good idea to know some facts about disability. After reading this short informative article, you may wish to learn more about disability insurance Kearny NJ.
Facts About Long-Term Disability In the United States
Finding oneself unable to continue working among working-aged individuals in the United States is a very big issue nationwide. It is much more common than one might initially think. The U.S. Social Security Administration keeps records on disability statistics. Their databases indicate that a beginning, 20-year-old worker has a greater than 25% chance of becoming disabled and incapable of returning to work before reaching retirement age decades into the future.
Your financial fitness profile not only includes your salary and the savings you have in the bank. It also focuses on an individual’s ability to bounce back from financial hardships or calamities. Protecting your source of working income should you become unable to work needs to be an important component of ongoing planning. Disability insurance is the answer to protecting your regularly earned income should you become unable to continue at your job or in your career.
Are You a Contractor or an Employee?
If you work as an employee for a large- or medium-sized company, you may be able to access disability insurance as part of your total compensation package. If you are a contractor, freelancer, or work for a small company, you probably need to purchase disability insurance on your own. For example, if you are a real estate agent working for but not an employee of a realty firm, you will have to look into disability insurance yourself.
Don’t be caught unaware. Be prepared in the unfortunate event that disability hits home. Your family will be grateful.