When you’re building your career, you likely never imagine a day where you won’t be able to work due to a temporary or permanent disability. If this happens to you, and you are unable to work, you still have to meet all those financial obligations of your life. We know that there isn’t any forewarning that you’re going to become disabled and no longer able to work, so it’s very difficult to plan for this happening in your life. If you become disabled, and are no longer able to work or make as much of an income as you used to, disability insurance Brampton can help you and your family meet your financial commitments. This kind of insurance can help guarantee the livelihood and well being of your family until you can return to work. Instead of resorting to desperate measures like withdrawing from savings or retirement funds, let us help you find the right disability insurance policy to help your family when you need it the most.

How does disability insurance work?

A disability insurance plan is a way to replace a portion of your income should you find yourself unable to work due to a disability. No one ever knows when they’re going to become disabled nor do we know what will cause it, but this kind of insurance is designed specifically to help you despite all the uncertainty you may be facing during this time. You can choose policies that are either short- or long-term, or even have the option for both to make sure you are completely covered for whatever life brings you. The payouts for these policies may or may not be deemed as taxable income, but we can help you determine those details so you totally understand the policy. This insurance may replace anywhere between 60 and 85% of your regular annual income, and you may also be eligible to receive medical benefits while you’re unable to work. Often times, life insurance will be paired with disability insurance but that doesn’t mean this is always the case. It’s completely possible – and not unheard of – to be accepted for a life insurance policy but not a disability policy. We can help you determine which policies you qualify for and for how much.

How much coverage do I need?

The best way to try to determine how much coverage you’d need should you become disabled is to look at your current expenses. By determining how much you currently need to sustain your lifestyle you’ll get a pretty clear idea as to how much it takes to keep it going. If you become disabled, your income will only be a maximum of 85% of what it was so if you’re living at the top of your budget you may need to cut back a little, or plan for ways you can cut out expenses. You will also need to factor in any debt obligations, like a mortgage, loan payments or car payments, to make sure you do not default on those commitments should you be off work for a length of time. We will help you take a look at your complete financial situation to help determine the best policy for you. Fill out the form below to get a quote or give us a call to determine which policies you qualify for and for how much.