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. |