Disability Income Insurance

Protection from the possible loss of income

Your earning potential is a far more valuable asset than your automobile or your home. Disability insurance is designed to protect you from the possible loss of income. What’s the possibility of this happening? It’s more likely than you’d imagine.

Why should you consider personal disability insurance?

  • Worker’s Compensation only covers work related accidents.
  • Unemployment insurance only covers 15 weeks and is seldom sufficient for more than basic needs.
  • Canada Pension Plan: Are you comfortable relying on the government for a benefit that can change?  Coverage is limited and applies on a permanent disability situation.
  • Group and association coverage can fill a valuable role in long-term disability protection. However, the benefit may be limited by the definition of disability and coverage amount and may not commence payment for several months.

Remember, a custom designed individual disability plan will provide you with guaranteed coverage and guaranteed premiums. Your LCU Financial Planner will help you find the right solution.

Mortgage Disability Insurance

Provides a benefit of up to $2,500 a month for 12 months to cover mortgage costs and property taxes.

Loss of Employment Insurance

Provides a benefit of up to $2,500 a month for 9 months to cover mortgage costs and property taxes.

For more information contact one of our certified LCU Financial associates.

 

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