Disability insurance

Why Income Protection?

When most people think about insuring their valuables, they think about their car or their home. But your most valuable asset is actually your ability to earn a living. Insuring your livelihood is more important than insuring your possessions, and that’s what disability income insurance does: it provides you and your family with an income if you’re too sick or injured to work.

If someone in your family suffers a long-term disability, it can be more taxing on your family's financial situation than if that person were to die. Why? Because when someone dies, their income stops, but so does their consumption of goods and services. By contrast, when a person becomes disabled, their income stops but their expenses continue. In fact, a disabling injury or illness often results in increased spending on things like medical bills, modifications to your car or home, etc.

The best way to determine how much disability income insurance you need to protect your loved ones is to meet with a qualified insurance agent. This professional can conduct a thorough needs analysis that determines the amount of disability income insurance that's right for you.

Contact us today for a free consultation.