Disability insurance protects your most valuable possession
your income. You insure your home, your car and other valuable possessions;
you need to insure the income earner in your family in case they are unable
to work.
You probably think that the chances of becoming disabled are unlikely; however,
1 in 3 of us will become disabled for a period of 90 days or longer at least
once before age 65.
Another important issue is the fact that an accident or illness that keeps
you out of work for a period of time can be very costly. You not only have
your day-to-day expenses but the possibility of medical bills, modifications
to your car or home, and other unforeseen needs that can be quite expensive.
Therefore, disability insurance should be a consideration for just about
anyone who works; whether they're single, married, with children or without.
There are a number of sources of disability insurance that you may be able
to take advantage of such as government assistance or employer benefits.
However, you need to be aware of the limitations these plans impose as they
may not be sufficient to cover your needs. The most flexible and reliable
source of coverage is an individual disability income insurance policy you
purchase on your own.
Your Credential Financial
Strategies Inc. Representative can lead you through a calculation to determine
your sources of income in the event of a disability. You can then work together
to determine whether disability insurance is right for you.
| Contact
Us |
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| Credential® Financial
Strategies |
Jo-Ann Spicer CFP FMA EPC
519-742-9998
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Credential Financial Strategies Inc. is a member company under Credential Financial
Inc., offering financial planning, life insurance and investments to members
of credit unions and their communities. ®Credential is
a registered mark owned by Credential Financial Inc. and is used under licence.
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