Jozyam Fontaine, conseillère en sécurité financière

To prioritize one's well-being and financial security.

To prioritize one's well-being and financial security.
Disability insurance and health insurance compensate for a loss of income in the event of an inability to work due to an accident or illness. Often, it is offered through group insurance. However, there is individual disability insurance available, for example, for self-employed workers. But which product should you choose? There are so many options!

Know that there are two types of disability insurance: salary insurance and debt insurance. Which one suits you better?

It depends on what you already have. For example, in Outaouais, 40% of the population already has insurance through their employer. Debt insurance is more relevant for them because their debts are paid in the event of disability, and they can also receive their full salary insurance. However, in most cases, a self-employed worker does not have insurance coverage.

So, they would benefit from taking more comprehensive coverage. In essence, a good financial security advisor will take the time to analyze your needs in this regard. Did you know that it is possible to recover up to 100% of what you have paid if nothing ever happens to you?

Currently, one in four workers becomes disabled while in the workforce (for example, due to depression, cancer, or cardiovascular disease). Have you ever thought about what would happen to your family if you were to suffer a stroke, be diagnosed with a heart disease, or receive a cancer diagnosis? Do you know what financial consequences an illness can have? At the beginning of this year and during this month of heart disease awareness, it is important to consider taking measures to be well-prepared in case of illness. This will allow you to maintain your standard of living, keep your home and savings intact, and plan for a safe and comfortable retirement. So why not meet with an expert to discuss it?

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