| "I don't believe anybody thinks about not being able to | | | | Assess your risk: One in three can become disabled |
| meet expenses," said John Henry, a 38 year old office | | | | during their work career. Some disabilities last a lifetime. |
| worker who was unable to work for two months due | | | | Assess your finances: Work out how long you can |
| to a back surgery. "I was in great health before the | | | | survive financially without disability insurance. |
| operation." | | | | Call your broker: Sometimes you can purchase |
| Henry spent two weeks in hospital and, unable to walk | | | | disability insurance at work. The rate is cheaper but if |
| without assistance, had to go to a rehabilitation hospital. | | | | you change jobs, you lose the coverage. |
| Even after all this care, he was unable to return to | | | | Have personal disability insurance coverage: If you |
| work. | | | | have personal disability insurance coverage, you can |
| But He Had Disability Insurance | | | | take it from job to job. And as a bonus, the payments |
| Fortunately, he had decided to buy disability insurance | | | | are tax free! |
| a couple of years earlier. "I sent them a letter about | | | | How To Choose Your Disability Insurance Coverage |
| my disability and said I needed to make a claim on my | | | | Talk to a broker who handles several companies and |
| disability insurance policy." | | | | compare their offerings. You are under no pressure to |
| The reality is that Canadians have a one in three | | | | buy and the premiums may not differ that much, in |
| chance of needing disability insurance for at least 90 | | | | which case, you should choose the strongest |
| days, if not more, some time before they retire. You | | | | company. You want your insurer to still be in the |
| need to plan like John Henry to avoid financial death. | | | | business if you ever need to rely on your disability |
| Some Disability Insurance Tips: | | | | insurance. |