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Disability Insurance in Canada
Disability Insurance- how important is it for self employed & Business Owners?
I just had lunch with the BMO insurance
vice president who was just discussing about sickness and critical illness benefits and
how that could fit to my practice. The disability part is really for self employed
and you know that if something would happen to you and
if you get sick or
get into an accident wherein you couldn’t really get to work for a while, that
would severely impact your business and your income that you’re taking home.
Disability Income Replacement Insurance can replace part of the income you may loose
Because if you are self employed the chances are you rely on yourself and not on
somebody else to pay away
So, a disability policy can actually help you recover
part of those wages that you are missing so you can survive and your
business can survive while you are going through
this really difficult time
personally I had an experience in my life where I was disabled because of an illness
if I didn’t have a disability policy
I would have really ha a rough financial time
because I was off of work for 14months, so 1 year and 4 months and a
recovering from a cancer diagnoses and If I didn’t have that income coming in and
I also had a critical illness policy which was a lump sum payment that they paid
me I don’t know how I would survived.
My Business would not have survived, if it wasn’t for Disability Insurance
and Critical Illness Insurance
Because there was some time that I couldn’t
work at all and even attend to the business because I was in the hospital one
reason of another I’m just trying to tell you guys and encourage you to really
seriously consider looking into getting a disability or critical illness policy or both
and it’s not that expensive.
It can be a business write – off and at least you know that
if something happens to you, you are taken care of financially at least. We can’t
help you get better but we can help you financially, so you are actually in a
position to get better or much faster.
So if you are interested in finding out a little
bit more about how this works and how much it would cost you. I’d be happy to
give you some quotes over the phone or email so just give me a call or email right
in here on this form somewhere on this page and we’ll get back to you.
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