insurance might pay for your medical expenses, but you need something like disability to make your mortgage payments and pay your household expenses?

Disability Is The Answer

For most of us the answer is disability insurance, which provides income when an illness or injury makes it impossible to earn a living. Disability is the policy to have, whatever your age, to continue the income you need.

What Does Disability Do For Me?

While employers often provide short term disability, few companies offer long term disability unless there is a union contract. If you don't recover, or have your own disability contract, you will have to use your savings to survive.

Accordingly, it is in your best interests to protect your income and earnings with a personal disability policy.

How Much Disability Do You Need?

No company will insure you for your full income as generally the payments are not taxable. Another consideration is: if you have group disability from your employer, there may be a cap on how much you can get.

Some Additional Disability Benefits:
Escalator Rider - an benefit that annually increases the amount of your income .
Return-To-Work-Provision - a benefit of your disability policy that pays you a portion of your disability income if you can work part time.

There are numerous other disability riders which can be added, but which increase the overall cost of the policy. Employer group disability policies are not portable, which is the best, most simple reason to own personal disability insurance.

Article Source: Articles Beyond Better

Ivon T. Hughes of the Hughes Trustco Group is a licensed Broker. Author of The Life Handbook. Get a FREE Copy TODAY!Email:info@trustco.ca Web:www.hughestrustco.com

Here are some more insurance articles...