Disability insurance can provide you with financial security by replacing your lost income when an accident or illness causes you to become disabled and unable to work or earn an income. Fulfilling personal and financial goals depends largely on one thing – the ability to earn an income. Although it is not something that most people like to think about, imagine how life would change in the event of a major disability.

Where would the money come from to cover everyday necessities like a mortgage, food, clothing, or a child’s education? No one wants to be forced to liquidate their investments, or to sell their home. A disability should not disable anyone’s financial plan; therefore, the right protection is essential.

Are you a business owner? Planning for the loss or disability of a business owner or partner with a buy sell agreement and insurance is crucial to ensuring the continuity of your business and protecting the financial interests of each co-owner’s family.

A buy sell agreement specifies what will happen to the interests of an owner, partner or shareholder who passes away or becomes disabled. The business can purchase insurance on each co-owner or partner and use the insurance proceeds to purchase or redeem the deceased or disabled owner’s interest in the business, this is a fixed expense for protection against potentially costly and unproductive drain on business.