Life can come crashing down at any moment. In the blink of an eye, things can change drastically! A car accident, a diagnosis.... and suddenly, your world could be turned upside down. What would happen in your life if this happened to you or your partner? How would it impact your family? How would it impact your business?
When your income is dependent on your ability to show up, these are serious questions that if left unaddressed could result in financial catastrophe.
But it doesn't have to, if you put certain financial safeguards in place. With disability insurance, you can protect against the risk of loss of income and if you are a business owner, you can also ensure your fixed business overhead expenses are covered as well.
What does this mean? It means you can have a portion of your income replaced while you are disabled and paid monthly. This can be in the instance of an injury only, or injury or illness. So while you are recovering, your rent or mortgage is paid, there is food in your pantry, your utilities are paid and you can access the medical care you need. Would that provide you peace of mind?
If you are a business owner, your business doesn't have to die if you become unable to work. Business overhead expense coverage can cover your fixed/contractual business expenses so you can pick up where you left off after recovery.
77% of Canadians say it would be difficult meeting their daily living expenses if they lost their primary income earner. Don't let this be you!
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