Protection That Keeps You Moving Forward
What would you do if you couldn’t work? How far could you go without a paycheck? An income protection plan will provide you security during a time when you need it most. Income protection plans provide a monthly stream of income directly to you based on your previous salary. It will give you with the peace of mind knowing your family won’t be affected if and when you become sick or injured and are no longer able to perform at work.
What We Offer
The definition of a disability may differ amongst the various insurance companies that offer it, but generally it will cover: prolonged sickness & disease, physical and mental disabilities, and pregnancy just to name a few. An elimination period must be met before any benefits are received.
There are typically two types of disability insurance plans available:
Short term disability insurance policies offer a worker a portion of their salary if they are unable to work for a short period—typically three to six months. Short term disability policies are typically offered through employer group plans but can be purchased individually. A portion of the benefits received may be taxed, if any premiums are paid by your employer.
Long term disability insurance offers a worker a portion of their salary if they are unable to work for a longer period—typically a period over six months and up to retirement age. Individual policies can be tailor fitted to your specific needs and allows for inflation protection, return of premium, and a small death benefit. Benefits are typically received tax-free.
Who Needs It?
Income Protection Needs Calculator will help you determine the proper amount of disability insurance coverage you need to protect your current monthly income.
Ready To Talk?
Click the link below and fill out the contact form to get started. A licensed advisor will contact you directly to complete a free confidential review of your unique situation.