Disability Income Insurance
Provides you with a monthly income to compensate for the loss of earnings due to a disability.
You may think it will never happen to you, but at any time, an unexpected accident or illness could prevent you from working for months or even years. Are you prepared to deal with the temporary or long-term loss of income? How would you maintain your standard of living? How long would your savings last? How would it impact your retirement planning?
Disability insurance provides you with a monthly income to compensate for the loss of earnings due to a disability. As a result, you can continue to meet your financial obligations as well as cover expenses related to your physical condition.
You should consider disability insurance for the following reasons
- Worker’s compensation will only provide coverage for work-related injuries and accidents
- Unemployment insurance only provides short-term financial relief if you become sick or injured
- Group coverage plans do not always provide adequate benefits
- If you are self-employed, you will not have access to the protection you need from an employer
Additional Rider Options
- Cost of Living Allowance
- Additional Insurance
- Partial Disability
- Residual Disability
- Pension Guard
- Own Occupation
- Health Protection
- Premium Refund