The odds are 1 in 4 that a disability, whether from illness or accident, will strike any of us prior to age 60. The average duration of the disability is 8 months. The question we need to be asking ourselves is, ‘Can we afford to be off work for that length of time without a paycheck’? If you answer no to this question, you may want to investigate the coverage.

Another form of disability protection is called Critical Illness. This product pays a lump sum of cash in the event you develop a covered condition. Heart attach, stroke, cancer, paralysis are examples of the 18-23 covered conditions.

Both products will give a refund of premium if are claim free. This makes the cost of these insurance products equal to the interest you might earn if the money was invested.

Feel free to contact me for more information or a quote.