You know it is important and responsible to have protection on your home and your cars, BUT you may have forgotten to protect the most important asset of all: Your ability to earn an income!

Because your income is likely the largest asset that you have, it’s important to consider how your ability to work, earn money and your financial future could be affected by a sudden illness or disability.

Here are 3 questions to consider:

1. When do you expect to retire?
   The further into the future this date, the longer your financial well-being is exposed to the risk of disability
2. What percentage of your income comes from your investments?
   The lower this percentage, the more dependent you are on your ability to work and earn a living.
3. To what degree do your children, spouse or parents depend on you financially?
   If you become disabled, your dependents will still need financial support.

The following chart details the amount of money that a person can earn working to age 65 assuming a 2.5% raise every year if you are 30, 40 or 50 years old.

By buying disability insurance you can protect your lifestyle as well as your retirement. The following chart shows the maximum tax-free benefits that can be applied for. These are estimates based on annual income, the amounts that you will receive depend on specific circumstances such as your age and occupation.

I wanted to share with you a short video and request your feedback.

https://videos.manulifeinsurance.ca/watch/4HwqaDvxh4VCjKnXCjo9L1

After you watch the video, let’s have a conversation to discuss how comfortable you feel with your current plan and whether you want to make any changes based on your current or future situation.