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Many people know about insurance that covers health care costs such as
prescription drug costs and dental bills, but are you as familiar with
coverage that helps protect your income?
Income Protection: Disability Insurance
Income protection, or disability
insurance, pays benefits if you are sick or injured and unable to work. It
can help protect an individual’s or family’s financial security by
"continuing" a substantial portion of income that can be used for normal daily expenses.
You may not have focused on the economic situations that could threaten your
lifestyle. The reality is that illness or injury can keep you from working
and earning an income. Statistics show that disability is more common than
you think. Many people are covered by life insurance, but have not
considered insuring for disability. At any given time in your career, the
chance of a long-term disability occurring – one lasting more than 90 days –
is three times more likely than death.1
When reviewing your income protection needs, it’s important to consider
whether you already have access to benefits and how much coverage those
benefits would offer you during a disability.
A Foresters representative can offer you choices in disability insurance that best match your age,
income, occupation, working arrangement and lifestyle to be sure that your
family is adequately protected.
Income Protection: Critical Illness Insurance
Critical Illness Insurance pays you a lump
sum when you are diagnosed with one of the covered conditions. This benefit
can be used for debt repayment, out-of-province treatment, experimental or
alternative treatment not covered by health plans, home or vehicle
adaptations, or for whatever best meets your needs.
If you have ever known someone who has become ill or injured, and witnessed
the stress on the rest of the family, you can immediately appreciate the
need to protect your family with Disability and Critical Illness Insurance.
In order to offer a wider range of insurance products, Foresters offers
members coverage through an arrangement with UnumProvident2, the leader in
income protection3. One reason we chose UnumProvident is their emphasis on
maximizing your return-to-work capability with their commitment to extensive
and comprehensive rehabilitation resources.
For more information about how Disability and Critical Illness Insurance can
help your family, contact a Foresters representative.
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