Everyone who enjoys good health hopes it will last for a lifetime. But it doesn't always turn out that way.
Sometimes life throws a curve.
Injuries can happen. A disability illness could dramatically change your life, your future, your family's lifestyle, as well as your financial security. A chronic disease or disability could keep you from working. Someone in your family could become injured and require personal care services. Insurance can't prevent those things from happening. But it can help you and your family cope.
Why do you need disability insurance?
Disability insurance1 provides you with an income when a disability stops you from working. With insurance protection, your family would have money to pay bills, and remain financially stable.
Think about it this way. Suppose you owned a valuable piece of equipment. Day in and day out, the equipment operates reliably. It helps you earn a large amount of money every year. Without question, you would insure that piece of equipment in case it broke down.
Similarly, when a family depends on someone to go to work and earn money, year in and year out, doesn't it make sense to have disability insurance in case you become disabled?
Not all disability insurance policies are the same.
Before choosing a disability insurance policy, it is important to seek professional advice to ensure that you choose the best policy for your situation.
If you have questions about disability insurance, contact our office for more information.
This publication and website are intended for British Columbia residents only and the information contained is subject to change without notice. Mutual Funds are offered and regulated through Global Maxfin Investments Inc. (GMII). Insurance products (including Segregated Funds) and Income Tax Preparation is provided under the name of Grant Simpson. GMII does not supervise these activities and will not be accountable, responsible or liable for such activities.
This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities.
The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.