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 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
Credential® Financial Strategies Stewart Duckworth H BA. CFP EPC 519-742-9998 Click to email stewartd@ecusolutions.com Jo-Ann Spicer CFP FMA EPC 519-742-9998 Click to email joanns@ecusolutions..com

Credential Financial Strategies 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.