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Stewart Financial Services
- Protecting Your Financial Health
Disability Insurance
If you become disabled, your ability to earn income may be significantly compromised, and your ability to pay bills or save for retirement could be dramatically impaired. Disability is one of the leading contributors to bankruptcy. Disability Insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and returning to an active life. If you are permanently disabled, you can have the peace-of-mind knowing you have a source of income.
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Disability Insurance can provide you with financial security by replacing a portion of your earnings when an accident or illness causes you to become disabled and unable to work or earn an income.
We read the newspaper, we listen to the news, we hear of family, friends, acquaintances or co-workers who have been impacted by illness or accident; yet we still hang on to the perception that it will not happen to me.
*Accidents and illnesses are a fact of life. They could happen to anyone at any time. Did you know that:
- 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
- The average length of a disability that lasts over 90 days is 2.9 years.
*Source: Compiled by Canada Life based upon CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)
If you owned the Goose that laid the Golden Egg. . ...which would you insure first? |
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Personal and Business Disability Insurance Plans are available that offer flexibility and features to help bridge the gap between income and expenses during a disability. A comprehensive and portable disability solution can be designed to:
- Secure your main source of income.
- Supplement the coverage you receive from your employer or association group plan.
- Protect your business in case your key person(s) become disabled.
- Fund your Shareholder Agreement (Buy/Sell Agreement).
The peace of mind that Disability Income Protection Insurance can provide is available for professionals, business owners, business executives, and full-time, part-time or home-based workers.
The Business Overhead Expense Disability Insurance can provide reimbursement of eligible business overhead expenses during total disability.
- You can purchase coverage that provides benefits for disabilities lasting either up to 12 or up to 24 months.
- Coverage availability varies by occupation and is based on the actual amount of your eligible monthly business expenses.
If you are disabled, Business Overhead Expense Disability Insurance can help you focus on recovery, retain valued staff, pay ongoing expenses and avoid financial downfall.
Contact Stewart Financial Services to find out more information regarding Disability Insurance and the protection needed for you, your family and your business.