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Why Your Disability Coverage May Not Be Enough
When it comes to insurance, most people wouldn’t think twice about protecting their home and vehicle. But what about your most valuable asset: your ability to earn income?
If you ever fall ill or suffer an injury, you’ll be thankful you have disability coverage to help cover your bills. Disability insurance is overlooked by a lot of individuals (most don’t even know what their coverage is), and it’s an area where individuals are often underinsured. Even if you have group disability coverage through your employer, it may not be enough.
Why Do I Need Disability Insurance?
If you have a spouse and dependents, you should already have term life insurance to help protect your loved ones – but what if you become disabled and unable to earn a paycheque? Don’t think it can happen to you? Think again. One in three people will be disabled for 90 days or longer at least once before age 65.
Individual vs. Group Disability Insurance
Not all disability insurance is created equal. There are two main types of disability insurance: individual and group…

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