Your entire lifestyle is reliant upon your income. The chances of becoming disabled due to injury or illness during your working years is very high. Disability Insurance offers a simple, affordable way to provide an income should such an incident occur. Disability is more financially disastrous than an accident. If you are disabled, you might not be able to work, resulting in less income or no income altogether. The living expenses increase with endless medical bills for treatment, hospital expenses and other related costs. This is where disability insurance comes handy. This insurance can replace your lost job. It provides a tax-free monthly benefit to those who suffer a debilitating injury or accident. Disability insurance can help by replacing a portion of your income over the short or long term.

Disability or Income Protection Insurance

If you fall sick or face an accident that prevents you from continuing with your profession or occupation, Disability or Income Protection Insurance provides a monthly payment you can live off. Also, the insurance company can never cancel the policy as it comes with guaranteed renewal. Such a policy offers benefits which grant you leverage for what you’re paying but always choose your policy carefully - as an insurance advisor, I can help you in choosing the best Disability Insurance.