Why do people buy disability insurance?

You need disability insurance if you:

• are self employed
• require income protection in case you can't work due to a disability (e.g. dentists).  You need an "own occupation" rider
• receive most of your income from bonuses - which are not covered by your company's disability policy
• recently changed jobs - and your new company does not have disability insurance
• are the only source of income for your family
• only have short term coverage

How much will disability insurance cost me?

The price will be according to the elimination period, benefit period, age, occupational class, and benefit amount.  Generally you may expect to pay between one to two per cent of your annual income for a good disability insurance plan.

Let's pretend you were offered two identical jobs; one paid you $80,000 a year while you worked, but zero if you were ever sick or hurt.  One paid you $78,000 a year, and 66 per cent of your income on a tax-free basis if you were ever sick or hurt until you reached the age of 65 - even if were sick or hurt several times during this period.  Which jop would you take?.

I show little income (taxable) but I have a large mortgage - can I get disability insurance to cover my mortgage?

Yes!  There is a non-profit company that can cover your mortgage for up to 25 years!

Ask yourself this: "When was the last time I took a 12 month vacation?"  If the answer is never, than you need disability insurance coverage.  If you knew that the odds of a disability lasting 12 months or longer was only 8 per cent, would you take a chance?  If some told you that you could get a 8 per cent rate of return over a life time for your investments but have a 8 per cent chance of losing everything you saved for the last ten years would you buy it?  A good disability policy may cost 2 per cent of your gross income to protect your lifestyle, even it you took a 12 month "vacation" from work.

Do You Work for a Living?  Believe it or not, everyone who's employed should have Disability Insurance.  Head over to the Disability Insurance section to learn more about this crucially important product and how it can help you.

Video Center

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Gary Francis, who suffered a heart attack, describes the security and peace of mind that Disability Insurance provided him with during his illness and recovery.  Courtesy of  Manulife Financial.

Certified Financial Planner Brian Poncelet welcomes you to his site and explains why he's the best choice to help you find disability insurance.

Why should I buy from your company?

Most financial planners make the majority of their money from life insurance and investments, not from disability insurance.  We handle more disability insurance in a given month than many financial planners do over the course of their careers - sometimes it may take two or three months to get a policy placed.  Generally, most planners like a faster sale.

Ask yourself: when was the last time my banker, or financial planner asked to see my disability policy or company benefit book describing my disability plan?  Problably never.  How about this question: has your banker or planner asked if your disability plan covers any bonues you currently receive? 

Your financial future depends on whether you are able to work and make an income - not on a rate of return on your investments if you are under 65 years old or before retirement.