While you would hope to live a healthy, incident-free life, realistically — and statistically — things go wrong. What happens if one day, you are unable to do what you love, or if you are unable to work? Whether you are self-employed or employed by an existing company, if you are unable to perform your job, neither your position nor your paycheque is guaranteed. And during those times, it pays to be protected — especially when bills start piling up. So, what can you do to protect your paycheque, and your savings when this happens?

Disability insurance ensures that you can still cover the bills, even if you are unable to work.

Income protection a.k.a. disability insurance helps to ensure that you are still maintaining that salary you were once making at the job you are no longer able to perform. If you are unable to work due to a serious injury or illness, disability insurance ensures you will be able to cover your bills despite your inability to work.

Disability insurance is not one-size-fits-all.

Some of us are more prone to injury or have certain illnesses in our family history. Some of us are climbing the ladder faster and thus our income moves up more each year. Essentially, everyone’s income is different, everyone’s risk for illness or injury is different and your needs change as your income changes – so your coverage needs are likely unique to your life.

The best approach to getting the right coverage is to sit down with an independent licensed insurance advisor who can understand your situation and recommend the best coverage plan for your needs.

Click here to read more about disability insurance and see if you’re eligible