A Veteran’s Guide to Disability Insurance: Insider Tips from GLB Financial Services

Leaving military service and building a civilian career can bring new financial responsibilities. Veterans may need to reassess their insurance coverage, household expenses, and long-term financial goals as they adjust to a different lifestyle. Protecting earned income is an important part of that process, especially when an unexpected illness or injury could prevent someone from working.

GLB Financial Services is a financial planning practice in Williamsburg, Virginia, founded by Gary Loten-Beckford, a retired Army officer with 29 years of military experience. The practice offers disability insurance as part of its insurance services.

This guide explains how disability insurance works, what veterans should consider when evaluating coverage, and how GLB Financial Services can help them approach income protection as part of a broader financial plan.

Income replacement: Review how much of your earned income the policy may replace and whether that amount would help cover essential expenses.
Definition of disability: Understand the policy's criteria for determining whether an illness or injury qualifies for benefits.
Waiting period: Check how long you may need to wait before benefits begin after a qualifying disability.
Benefit period: Review how long payments may continue when a claim qualifies under the policy.
Exclusions and limitations: Identify circumstances in which the policy may restrict or exclude benefits.
Premiums and affordability: Consider whether the ongoing cost fits your budget and other financial commitments.