Do You Need Disability Insurance?
Disability can happen to anyone at any age, and in many cases, it keeps you from going to work for a long period of time than you may have expected. When we encounter such life scenarios, it is essential that we have a backup income plan to keep up with the day-to-day expenses.
Disability insurance is one such plan that works best for you while you can’t. In case you meet with an accident or an injury and you get handicapped for a short or long span of your life, your disability insurance becomes your source of income while you are away from work.
Types of Disability Insurance Plans
The Government of Canada offers different kinds of disability insurance plans suitable for an individual as well as a group and it can be for the short term or long term.
Any individual choosing to opt for personal disability insurance can opt from the two most commonly considered options, depending on their source of income.