Your health is your wealth.
If your income suddenly stopped because of an illness or disability, where would your income come from?
Unfortunately, like most people, you are likely only protecting your home and your automobile. But you must also protect your ability to earn an income … upon which everything else depends.
The income you earn during your working years supports the lifestyle you enjoy. The house you live in, the vehicles you drive, the vacations you take, and the activities you enjoy.
Your income also provides the funds to help you best plan and fulfill your future dreams such as your retirement and perhaps your children’s post secondary education needs.
But what if you were unable to work tomorrow because of an injury or illness? How long could you continue to fund your current lifestyle? Could you replace your income from other sources such as selling your assets, tapping into your retirement plan or depending on family?
The potential earnings of a 40 year old, with an annual income of $50,000.00, a projected retirement age of 65 and assuming a 2.5% increase every year is $1,707,888! Do you know what your potential income earning is until you reach age 65?
Disability insurance was designed to:
§ Replace lost income.
§ Keep your savings intact.
§ Help pay for unexpected expenses.
§ Provide rehabilitation and retraining support to help when you are hopefully ready to return to work.
§ Provide comfort knowing your family’s finances will be taken care of.
Disability insurance is important for everyone who earns an income. Whether you are a business owner, professional, farmer, employee, contractor or consultant, trades person or student.
Many Canadians may not realize that their group long term disability benefits, association benefits or government benefits such as the Canada Pension Plan may not provide them with adequate income replacement in the event of a disability.
Disability top up programs ensure that you are provided with the coverage you need, and we make certain that you are also covered for any earnings from commission or bonus income, income splitting or profit sharing.
Unlimited Life offers unbiased advice from the world’s leading insurance companies on individual disability protection products that protect your most valuable asset – your ability to earn an income. Contact us today to find out more at (403) 320-6023 or via email at tania@unlimitedlife.ca.