How can disability insurance benefit me?

While you might have a clean bill of health today, you never know when an injury might occur; one that may make it hard for you to work and make a consistent income.

When you have assets like a home, it is important to take measures to protect yourself and your loved ones. Disability Insurance covers you from loss of income when an accident or injury occurs. With Disability Insurance, you are paid a percentage of your income on an ongoing basis, as it is specifically designed to help you cover your expenses when you are unable to work.

Before enrolling in a Disability Insurance policy, it is important to understand the terms of coverage. Typically there is a waiting period before your Disability Insurance payments will be issued and the length of the payment period may vary as well.

Questions to ask your mortgage agent:

Can my coverage increase as my income does?
What determines the benefit payment?
Are there waiting periods?
How long does the coverage pay?
Are there medical requirements?
Does my occupation determine the premium?

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