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Industry statistics1 show that the risk of disability during a person's working years is considerably higher than the risk of premature death. For disabilities that last for more than 90 days, the average claim will be longer than 3 years. That's a long time to be without a paycheque!
If you become disabled, your ability to earn income may be compromised, and your ability to pay bills or save for retirement may decline. Disability insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and returning to an active life.
The peace of mind that income protection can provide is available for professionals, business owners, business executives, full-time, part-time and home-based workers. Whether you need to secure your main source of income or want to supplement the coverage you receive from your employer or an association, we can help by providing a comprehensive and portable plan you can rely on throughout your working years.
1 Commissioners' Individual Disability Table A, Society of Actuaries
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Critical Illness Insurance helps to alleviate the financial worry associated with a critical illness such as stroke, heart attack or cancer. It provides a lump sum payment so you can concentrate on recovering. You can use it to:
- Pay off debts
- Cover costs such as child-care, private nursing, and other expenses incurred during recovery
- Keep your savings from being used up
- Continue saving plans such as your child's education or your own retirement plan
- Make accesibilty changes to your home
- Keep your business afloat whilst you are going through recovery
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