Many Canadians protect their risk of dying with life insurance. But what would happen if you were in a severe car accident and couldn’t work? How long could you survive before you had to dip into your retirement savings or sell your home?
For a 30 year old female the risk of becoming disabled before the age of 65 is almost 43%. The same risk for a male is 37%. You can’t predict the future but you can protect it with Disability Insurance (according to statistics provided by Manulife Insurance).
If you are unable to work, a disability plan can provide a monthly benefit to help cover your living expenses. Contact Heidi to explore Disability Insurance and other income-protection strategies.