ARE YOU PROTECTING YOUR MOST IMPORTANT ASSET –
-YOUR PAYCHECK?
Your most important asset is your income. It is the steady paycheck that allows you to hold on to what you have. One in four twenty year olds will become disabled through illness, accident or depression before retirement.
Disability Income Insurance stands for protecting your standard of living. It provides protection for your income and is an affordable solution that pays a monthly benefit while you are disabled due to a covered sickness or injury preventing you from working.
Can you afford to miss more than two months of work without having to borrow money? It is difficult to borrow money if you are not working. EI and CPP pay disability benefits but only after a waiting period. Selling your assets may be a last resort.
Disability Income Insurance can be designed to provide a significant portion of your regular monthly income and benefits may be timed to begin according to need meanwhile protecting your most important asset. Disability policies also could continue to pay benefits during rehabilitation, job re-training and part time employment. A survivor benefit would pay a lump sum to your beneficiary if you die during a period of disability. Optional features could be added to most disability income policies at extra cost. Owners of small businesses who select Disability Income Insurance could also have business overhead expense coverage that will help pay business costs including rent, utilities and interest on business loans.
Disability Income Insurance also provides some benefits that are intangible. Your most important reason for purchasing Disability Income Insurance could be “peace of mind” and protecting your most important asset and knowing that bills will be paid in the event of a disabling illness or injury. Don’t underestimate the boost in confidence and sense of self-worth that comes from providing for your family even though you’re experiencing a disability.
Call Glenn to help you protect your most important asset – 1.888.256.8685 or glenn@cuttherisk.com
[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Comment’ type=’textarea’ required=’1’/][/contact-form]