Disability insurance provides financial protection to an
individual who becomes unable to work because of a health
impairment - injury and/or sickness.
If purchased with after-tax money Disability Insurance pays a tax-free
benefit during the insured individual's lifetime.
For the majority of working age Canadians, their greatest asset is
their ability to work and earn money! See the following example. You
are 40 years old and you own a $500,000 home. When asked what is
your biggest asset, you proudly answer - my home. You earn annually
$65,000. For the remaining 25 years, until you are age 65, with just
2% annual increase of your income you will earn over $2 million. The
correct answer is that your ability to work is 4 times more valuable
than your home. If you loose today your ability to work you will
suffer a $2,000,000 loss!
Disability Insurance is extremely important but is far less popular than
Life Insurance. The two main reasons are: more stringent medical
and financial underwriting requirements; much more complicated -
making it more difficult for both agents and clients to understand it. I
specialize in all living benefits types of insurance, including Disability
Insurance, and urge you to contact me for more information.
My preferences at this point go to the Disability Insurance offered by
Canada Life and by Manulife. I would recommend as well the
Disability Insurance offered by The Edge Benefits Inc., underwritten
by RBC Life Insurance Company.
individual who becomes unable to work because of a health
impairment - injury and/or sickness.
If purchased with after-tax money Disability Insurance pays a tax-free
benefit during the insured individual's lifetime.
For the majority of working age Canadians, their greatest asset is
their ability to work and earn money! See the following example. You
are 40 years old and you own a $500,000 home. When asked what is
your biggest asset, you proudly answer - my home. You earn annually
$65,000. For the remaining 25 years, until you are age 65, with just
2% annual increase of your income you will earn over $2 million. The
correct answer is that your ability to work is 4 times more valuable
than your home. If you loose today your ability to work you will
suffer a $2,000,000 loss!
Disability Insurance is extremely important but is far less popular than
Life Insurance. The two main reasons are: more stringent medical
and financial underwriting requirements; much more complicated -
making it more difficult for both agents and clients to understand it. I
specialize in all living benefits types of insurance, including Disability
Insurance, and urge you to contact me for more information.
My preferences at this point go to the Disability Insurance offered by
Canada Life and by Manulife. I would recommend as well the
Disability Insurance offered by The Edge Benefits Inc., underwritten
by RBC Life Insurance Company.
Disability
Insurance
Insurance
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| Always ask for the best! My recommendations are based on plans offered by the Top 5 Insurance Companies in Canada. |