Disability Insurance
Disability insurance insures your ability to earn an income when you are unable to work due to either a temporary or permanent disability. No one likes to think of the possibility of becoming disabled. However the reality is that many Canadians do suffer from a permanent disability at some point in their lives. In fact many younger people are more likely to suffer a permanent disability than die.
Without an income you cannot pay your bills or mortgage and you cannot save money for your children’s education or your retirement. Where are you going to get the money to do these things if you become disabled?
Your income and your ability to earn money is one of your most important assets. You insure your house and you insure your car. Isn’t it a relief to know that you can insure your ability to earn an income?