People buy Disability Insurance to replace employment income that has stopped as a result of an illness or injury. Disability Insurance replaces a portion of monthly income, and can be paid on a tax-free basis.
Payments continue, until recovery occurs, as decided by the insurance company, or the policy completes, or death occurs.
The amount you pay to buy Disability Insurance is called the “Premium”. This amount will vary, depending upon:
Hatch & Muir are Chartered Life Underwriters and Certified Financial Planners We can provide you with advice and help you choose the right disability insurance contract.