Investing in disability insurance in Owen Sound, ON ensures that you are financially prepared to handle the onset of an unforeseen disability.
You likely already have homeowners’ insurance, auto insurance, and medical insurance to protect yourself against risk. However, you may not have considered what would happen if you were to become disabled unexpectedly and you could no longer work. If you want to make sure that you will have the income needed to support yourself and your family members with the onset of an unforeseen disability, at BlueRock Wealth Management, we strongly recommend investing in disability insurance.
Please keep in mind that every person does not need the same amount of disability insurance. To ensure you have adequate insurance for your needs, it is best to look at your personal expenses and how much you would need every month to sustain your current lifestyle. Our team of advisors can go over your finances with you to determine how much you should have your disability insurance policy cover.
While figuring out how much your policy should cover, it is also a good idea to take into account the amount of money you have saved for emergencies and how long you could live on this funding in the wake of an unexpected disability. This will play a large role in how much disability insurance you need to invest in.
At BlueRock Wealth Management, we are here to help you understand how disability insurance works and what policy you should obtain. Please contact us today to set up a consultation with one of our insurance advisors in Owen Sound, Ontario.