Disability Insurance
Help protect your income when illness or injury prevents you from working. GA Financial Group in Parsippany, NJ can help you explore disability insurance based on your occupation, income, existing benefits, and budget.
What is Disability Insurance?
Disability income insurance can replace part of your earned income when a covered illness or injury prevents you from working. Benefits depend on the policy’s definition of disability, waiting period, benefit limits, exclusions, and other coverage.
It is different from health insurance, which helps pay covered medical expenses. A licensed GA Financial Group insurance professional can help you review your current benefits and questions before comparing coverage.
Contact us to learn more about the disability insurance coverage for you.
Types of Disability Insurance
Individual and Employer Coverage
An individual policy may complement employer benefits or provide coverage for a self-employed person. Compare benefit amounts, exclusions, and how other income may reduce payments.
Short-Term and Long-Term Benefits
Waiting periods and payment durations vary. Choose coverage after considering your savings and existing benefits, rather than relying only on the policy’s name.
Business Coverage
Business overhead expense and key-person disability policies address different business needs. Ask which expenses or losses qualify; these policies are not interchangeable with personal income protection.
Frequently Asked Questions
When do benefits begin?
A policy may require an elimination period before benefits become payable. Review how the waiting period is measured and what evidence is required.
How much income will a policy replace?
Benefits generally replace only part of earned income and are subject to limits. Existing coverage and other benefits may affect the amount payable.
What does “disabled” mean?
Policies may use an own-occupation or any-occupation definition, and the definition may change during a claim. Read the actual contract.
What should I bring to a consultation?
Have your occupation, income information, employer benefit summary, existing policies, and monthly expense estimate available. We can discuss what you want to protect.
Ready to review your options?
Book an appointment or call (862) 254-8125. Coverage, eligibility, and premiums vary by insurer, policy, and state.
Phone: (862) 254-8125
Toll free: 1-866-764-3381
342 Parsippany Road, STE 6, Parsippany, New Jersey 07054, United States
Get a quote for disability insurance