This is a question that I hear a lot from many different people. My reply to them is; ask yourself this question 

“How long could I maintain my life and pay my bills if I wasn’t earning any money?” 

because most of us can’t afford to have a 1, 2, 3 or 4 month unpaid vacation.

When we suffer from an injury or an illness that stops us from working our income also stops our bills and responsibilities however do not.  We still have to put food on the table, pay our bills and keep up with our regular family commitments such as children’s sports and clubs. How would you cope if you couldn’t pay your mortgage or rent?
The idea of being unable to maintain our normal standard of living can be very upsetting, the financial strain of mounting bills can put tremendous pressure on you and your family.  

By investing in Disability Insurance you can feel secure with the peace of mind that if an accident or an illness should occur your ability to pay your bills and take care of your family need not be diminished. 

1 in 3 Canadians, on average, will be disabled for 90 days or more at least once before the age of 65, a disability can last for many months or even years.

You almost certainly know someone who has missed work due to a simple accident or even an unforeseen illness.

• A mechanic breaks an arm on a snow mobile and can’t work for 8 weeks or more

• A car accident can take many months to recover from

• An busy accountant has to recover after a heart attack

• A truck driver with a torn rotator cuff, in acute cases can require surgery or many weeks of physiotherapy.

Choosing the right insurance starts with finding an insurance advisor that you can trust, one that will explain the pros and cons of the different types of disability insurance that are available to you.  Don’t just go online and purchase something that sounds great, Disability Insurance is not like booking flights online.  

Ask your friends and family who they deal with and ask if they are happy with the service that they have received, if they have had a claim how did it go? 

A good insurance advisor will take the time to listen to you to learn about your needs because Disability Insurance is not a one size fits all process. They will answer any questions that you have in with no hard sell tactics. 

There are a number of factors that will guide the decision as to the particular set up of your insurance     the amount of coverage and the cost can vary a lot.  Some types of insurance will be guaranteed issue while others will require answering medical questions. 

Do you have any coverage through your work or are you self-employed and therefore completely responsible for your own personal disability insurance?

Setting yourself up with Disability Insurance needn’t be complicated if you work with an experienced advisor. You should also review your coverage of your disability insurance at regular intervals as with you would with your Life Insurance, life changes and your insurance should be flexible enough to change with it.

About the author:

Fiona is a fully licenced independent Insurance Broker working with all types of personal insurance needs.  She specialises in Disability Insurance. Her passion for Disability Insurance is born out of a desire to help Canadians avoid the terrible consequences that can be experienced from a short or long term disability be it an accident or an illness.  

“No one should have to lose their home and their family for the sake of a broken leg, the ability to keep up with our bills and commitments when we have no income can make this the awful reality of having no coverage”

Fiona works with the self-employed and people who have coverage through their work but who want to make sure that they have sufficient coverage to meet the needs of their family.

She is committed to making your experience with personal insurance as straight forward and simple as possible offering a flexible client focused service.  Whether meeting truckers or business owners Fiona will meet you to discuss your needs at a time and place that is most convenient to you.

Contact Fiona:

Fiona Stone – Personal Insurance Professional 

Cell: 647-287-2432

Toll Free: 1-866-323-4186

www.stoneinsurance.ca