Do you ever ask yourself how would you meet your financial obligation if an accident or illness would prevent you from working?
Disability or income replacement insurance is designed to replace lost income if you become disabled and are unable to work due to an accident or illness.
In 2012, nearly 4 million Canadians reported a disability, including roughly 15 percent of Ontarians, according to Employment and Social Development Canada (ESDC). Fortunately, disabled persons can file a claim for either long- or short-term disability as long as they meet their insurance qualifications.
1 in 3 people will be disabled for more than 90 days or longer before age 65. The average length of a disability that lasts over 90 days is 2.9 years.
At LG Financial Group we can help you designed your own disability insurance plans based on your personal and business needs.
We can assist you with following coverages; Full Disability Insurance ( Accident or Illness), Accident only Insurance, Mortgage or Creditor Disability Insurance, Business overhead Insurance.