Disability Insurance is truly a basic concept. It is an insurance product designed to replace up to 67% of your gross income. Income could be tax-free or taxable depending on how it is structured.
Should sickness or illness prevent you from earning an income, this product can make the difference between a good quality of life and a marginal existence that erodes the fruits of your life’s work.
These insurance policies can be very different. This is not a product where you can simply shop for the most competitive rate. Terms and conditions are important features of a disability contract.
Critical Illness Insurance is a newer form of disability insurance. It pays a lump-sum cash payment when an insured succumbs to one of the covered conditions. Get in touch to discuss your needs.