Disability Insurance helps provide replacement income if you are unable to work because of sickness or injury.
Disability insurance can help:
- Replace lost income
- Subsidize living expenses while you are unable to work
- Provide security for your family
Benefits are calculated as a percentage of your usual salary and are tax-free (unless premiums are deducted as a business expense).
Coverage Options
Disability insurance allows you to choose from several options including:
- The monthly income you receive while on disability
- You can receive disability benefits from 2 years to the age of 70
- The waiting period before your first payment
- Top-up benefits if you are unable to perform your old job but can still work in another role
- Cost of living option to insure that your benefits keep pace with cost of living increases
There are many different disability insurance options available. Contact Wouter today for more information.
* Life insurance arranged through Zanen Financial Corporation and/or Global Pacific.