Here at TCI, we understand the importance of preparing for unexpected and often uncontrolled circumstances, like a disability. Disability insurance protects the beneficiary’s earned income against the risk that a disability will cause them to be unable to perform core functions of their work. It includes paid sick leave, short-term disability benefits, and long-term disability benefits.
While your employer may cover you with some form of company-paid disability insurance, often coverage is only partial and/or short-term. Purchasing a personal disability policy can help you cover any financial gaps that you may have with the added bonus that these benefits are paid to you and are not taxed.
Contact the team at TCI for more information on disability protection.
Calculator: How Much Disability Insurance Do You Need?
Article: Have You Considered Disability Income Insurance?
Article: Long Term Disability Insurance (LTD)
Document (PDF): Disability Insurance Glossary