Disability Income Insurance - Chartered Financial Services in Warren New Jersey Should you become disabled or sick and can’t work for an extended time, disability income insurance starts working for you. This coverage is an important part of preparing for the unexpected and being able to maintain your standard of living if you’re not able to work. Making sure you know exactly how this coverage protects you – before you need it – is as important as having it in the first place.What is it?Disability income protection is insurance that replaces a portion of your income if you become sick, injured or otherwise unable to work. It essentially insures your paycheck against factors beyond your control. This coverage helps to ensure you continue to make payments for things like your house, car and other monthly bills. It allows you to focus on your health by reducing financial stress.How Does It Work?Just like most forms of insurance, you pay a premium each month (or a yearly sum) for disability income coverage. Then, if you ever find yourself out of work for an extended time, you work with your insurer to obtain a payment for the paychecks you’re missing.It’s important to know whether you need short-term or long-term disability income protection. Both types of coverage will help you maintain your financial needs, but for very different lengths of time. While disability income coverage can seem like a simple product, specific options will vary from plan to plan that could change how the insurance protects you.Who Needs Disability Income Insurance?Most people who do not currently have disability income coverage could benefit from having it. If you or your family would not be able to get by without your income for an extended period, you may want to consider disability income protection options. Even if you never need to use the coverage, the protection it provides can be reassuring.Here at Chartered Financial Services in Warren New Jersey, we carry many disability income insurance providers. The following is a list of the carriers we provide:AssurityLloyds of London (Petersen)Mutual of OmahaFidelity Security Life Insurance CompanyMetropolitan LifePrincipalThe professionals at Chartered Financial Services can help you better understand disability income insurance protection and how it fits into your overall insurance and financial plans.Call Chartered Financial Services in Warren New Jersey at (800) 549-6007 today to discuss whether disability coverage is a good choice for you or contact us if you have any questions.