Disability Income Replacement for Realtors
If you cannot work because of an injury, you still will need to replace your income to pay for your and your family’s daily needs e.g. food, mortgage, children’s activities, utilities and property taxes, etc. Your disability income replacement insurance will pay you each month while you are disabled.
|Monthly Benefit||Personal Injury Monthly Cost*||Annual Gross Income|
Required for Personal Injury
|$1,000||$ 9||$ 35,000|
* Class AA, 24-hour Injury coverage, 30-day elimination period, 5-year benefit period, under age 64. – includes $10,000 AMTB
Ask about included $10,000 AMTB Accidental Medical Treatment Benefit that will reimburse you for additional expenses due to injury not covered by OHIP (rehabilitation, physiotherapy, wheelchair, crutches, etc). Also available is optional illness coverage.
Business Overhead Expenses (BOE) for Realtors
If you cannot work because of an injury, you still will need to pay for your fixed business expenses e.g. Real Estate fees (TREB, OREA, RECO), licenses, memberships, phone and internet, office and desk fees, E&O insurance, etc. Your BOE insurance will reimburse these expenses while you are disabled.
|Monthly Benefit||Business Overhead Expense (BOE) |
Monthly Payment** (tax-deductible)
|$1,000||$ 5 (old rate $12)|
|$2,000||$10 (old rate $24)|
|$3,000||$15 (old rate $36)|
|$4,000||$21 (old rate $48)|
|$5,000||$26 (old rate $60)|
|$6,000||$31 (old rate $72)|
** Class AA, 24-hour Injury coverage, 30-day elimination period, 24 months benefit period, under age 69.
Critical Illness Coverage for Realtors
If you are diagnosed with cancer, heart attack, stroke, etc, you will have additional medical expenses, your ability to earn income will be affected, and your spouse or someone else will likely have to help you with your daily routine. The critical illness coverage will pay you a lump sum tax-free benefit so you can pay for your regular and additional expenses. There are no restrictions on how you use the money e.g. pay for your mortgage, living expenses, medications, and even out of country medical treatment. You can even conveniently apply online for no medical critical illness coverage.
Benefits for your clients.
You can help your clients in making better decisions about their mortgage insurance. They can use life insurance to protect their mortgage. It will offer them better coverage at lower payments and they can use a convenient online process to obtain the protection they need.