God forbid you to become disabled. If this happens, depending on what you do for a living, you may experience loss of income. This will have a negative effect on you and your family. Consider how you and your family will survive with no income or reduced income. Hence, protect yourself with disability insurance.
Disability can result from a myriad of factors, most commonly physical or mental health issue caused by injury or illness. This may last for any length of time, so again it is best to protect yourself and your loved ones with disability insurance.
You can choose from two main kinds of disability insurance.
- If you are employed, you can get coverage under a group insurance plan.
- If you are a public servant there are government plans, for example, workers’ compensation and benefits provided under the Canada Pension Plan.
Or, you may opt for an individual insurance plan.
Whichever you decide, and nothing is wrong with having both, leave nothing to chance. My job is to ensure that you are well covered against any eventuality. The aim is not for something to happen, but in the event that it does, copying should be a breeze.