Insurance Advisor and Financial Planner based in Calgary.

Disability Insurance

Everyone who enjoys good health hopes it will last for a lifetime. But it doesn't always turn out that way. Sometimes life throws a curve.

Injuries can happen. A critical illness could dramatically change your life, your future, your family's lifestyle, as well as your financial security. A chronic disease or disability could keep you from working. Someone in your family could become injured and require personal care services. Insurance can't prevent those things from happening. But it can help you and your family cope.

Why do you need disability insurance?

Disability insurance provides you with an income when a disability stops you from working. With insurance protection, your family would have money to pay bills, and remain financially stable.

Think about it this way. Suppose you owned a valuable piece of equipment. Day in and day out, the equipment operates reliably. It helps you earn a large amount of money every year. Without question, you would insure that piece of equipment in case it broke down.

Similarly, when a family depends on someone to go to work and earn money, year in and year out, doesn't it make sense to have disability insurance in case you become disabled?

Not all disability insurance policies are the same.

Before choosing a disability insurance policy, it is important to seek professional advice to ensure that you choose the best policy for your situation. For example, if you are a member of The Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA) or The Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) do you know what the differences are between benefits available through the Association vs. in an independently owned contract? Things like can be confusing to someone that doesn’t deal with this type of insurance on a daily basis and before you decide what might be the right fit, you need to make sure you have all of the information you need to make an informed decision.

If you have any questions about disability insurance, please contact our office for more information.

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