Disability Insurance

No one can predict a disability, but the risk is quite real and will impact on your ability to earn an income. While many people insure the things they care about such as their car, their home or their own lives, not everyone realizes the importance of insuring their ability to earn an income.

  • Your chances of becoming disabled for longer than 90 days at least once during your working career is 1 in 3
  • The average length of disability which lasts over 90 days is 2.9 years

If you are a business owner or manager, what would happen to your business if you became disabled? Would revenue cease and expenses continue?

Have you contemplated the impact a serious disability would have on you and your family's financial security? Your single greatest asset is your ability to earn an income. For example, if you earn $100,000 a year for thirty years, indexed at 5% annually, your total lifetime earnings would be $6,976,078.99. Protecting your earning power through disability insurance is imperative.

There are several different ways to protect yourself or your business through disability insurance.