Safeguarding your future:

Remember that your earning power is one of your greatest financial assets.

Disability insurance provides a source of income to people who are unable to work due to an accident or illness. Without disability insurance protection, you can stand a chance to lose your home and investments. To find out more information on disability insurance, give Harpreet Puri a call today.

Why do you need a disability insurance cover?

 It is hard to think that the chance of missing months or years of work because of an injury or illness, especially if you’re young and healthy and you work at a desk. But more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67. One reason people neglect the risk is they think about worst-case scenarios or horrific accidents that result in amputation. But illnesses like cancer, heart attacks, diabetes, back injuries, and other illnesses lead to most disability claims.

Two types of Disability Insurance:

Short-term Disability Insurance:

• Depending on the policy pays out for a few months or up to a year.
• May have a short waiting period to claim the benefits, typically within two weeks after you have become disabled.
• Replaces 60% to 70% of an individual’s base salary

Long-term Disability Insurance:

• Replaces 60% to 70% of an individual’s base salary
• Benefits end after a certain number of years, when the disability ends, or at retirement age.
• A waiting period of 90 days after disability before benefits are paid.

A Disability Insurance covers a list of injuries and illnesses mentioned below:

• Arthritis
• Back pain
• Cancer
• Depression
• Diabetes
• Heart disease
• Stroke

Eligibility Criteria:

While the minimum and maximum sum insured varies from insurer to insurer, the minimum and maximum age of eligibility for a disability insurance cover are 18 years and 70 years respectively.

Who and all need Disability Insurance?

Whether you’re a mechanic, or a firefighter, police; the answer is everyone! The reality is, you’re more likely to become disabled while working with heavy equipment or machinery in a garage or construction site, than you are sitting at a computer all day at the office, but don’t let this stop you from protecting your income in the long run.

A Disability Insurance policy will include:

• How much premium you will pay monthly
• Details that will define what a disability is
• How much you will receive in benefits
• How long will your benefits last

The best time to get Disability Insurance:

The simple answer is NOW! Because the future is uncertain. You can’t predict when or if a disability will stop you from working. But here’s an astonishing statistic: More than one in four of today’s 20-year-olds will face disability before they reach traditional retirement age.

Disability insurance can provide financial security and peace of mind in the event of an unexpected illness or injury. Contact Harpreet Puri to learn more and secure your future today.

Contact Harpreet Puri today to find the right disability insurance plan for you and protect your financial future.