Income replacement when you cannot work.
Should I buy Disability Insurance or save my money?
It is much cheaper to use your Disability / Income Replacement than your savings.
e.g. Mortgage Agent $2,000/month* accident benefit is only $234/year ($19.50/month*)
8.5 years of savings wiped out by 1 month disability claim
Bonus: Ask about “$10,000 ACCIDENT EMERGENCY MEDICAL BENEFIT” at no extra cost. It will reimburse for medical expenses due to accident not covered by OHIP (physiotherapy, wheelchairs, crutches etc)
Options: $19/month premium buys $2000/month benefit
or $29/month premium buys $3000/month benefit
or $39/month premium buys $4000/month benefit
or $49/month premium buys $5000/month benefit
or $59/month premium buys $6000/month benefit
24 hours/day coverage at work, home and even vacation.
To find out more about available options for you, please contact me.