Income Replacement With Disability Insurance
Did you know that one in three adults will suffer from a severe disability before they reach retirement age? This impacts their ability to earn, support their families, and maintain their standard of living. Income replacement insurance, addresses this risk. Some companies offer their staff adequate disability coverage but many do not. Those who aren’t protected against disabilities will need to obtain their own coverage.
With sufficient disability insurance, one will receive a pay cheque if they cannot work on account of their injury or inllness. This income will enable them to cover their monthly expenses. They will also be able to maintain a decent standard of living.
The disability insurance pays a monthly benefit if you can’t work, which serves as an income replacement. Just bear in mind that disability insurance is highly variable depending on age and occupation.
To learn more about disability insurance, please click here or give us a call at (604) 565-9607. We are Camlife Financial Corp, an insurance brokerage. We provide you a reliable life insurance broker in Vancouver, BC, so you can conveniently determine the kind of insurance you need to protect your personal interests. Our company brokers for RBC Insurance and Manulife for disability insurance. We also provide critical illness insurance, but it’s much more limited in scope. Once we determine your specific needs, we devise a plan to see which insurer or investment company will be the best fit.