What is Disability Insurance?
Individual Disability insurance is income continuation, or replacement income. If you’re injured or become ill, your disability benefit will replace a percentage of your income while you’re unable to work. Income protection insurance pays you so you can pay your mortgage or rent, and meet other ongoing living expenses.
Short-Term & Long-Term Disability Insurance
Short-Term Disability
Short-term disability insurance pays a percentage of your salary if you become temporarily disabled, meaning that you are not able to work for a short period of time due to sickness or injury (excluding on-the-job injuries, which are covered by workers compensation insurance).
Long-Term Disability
Most people don't realize the high risk of becoming permanently or temporarily disabled at some point in their lives. If you were totally disabled and couldn't work as a result of an illness or injury, do you have the resources today to cover your expenses for weeks, months, or even longer?
- It pays monthly income directly to you when you're unable to work because of a covered total disability.
- You choose the length of time you must be disabled before you start receiving benefits (Elimination Period) and the length of time you would receive benefits.
What Is Infinite Banking?
An alternative use of money must always be reckoned with!
There are only 2 Sources of Income
1. People at work.
2. Money at work.
Its time that we have a discussion... Maybe you have found yourself in a financial rut or you want to take control of your financial future.
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