Long-term Disability Insurance provides financial coverage when you are unable to generate work income due to a qualifying long-term injury or condition.
For most people, the most valuable asset they have - their ability to earn an income – is unprotected. Yet, we are much more likely to become disabled, due to an accident or illness, than we are to lose our house in a fire, or to die prematurely. Very few people could withstand the financial strain of a long-term disability which could threaten a family’s financial security, or, at a minimum, its capacity to meet its lifestyle needs.
We work with our clients to understand the true risk of a disability and then explore the options for protecting their income. Disability insurance is the most cost efficient means to replace lost income; however, it is critically important to understand how it works to ensure you have the right type and amount of coverage.