This is for everyone, but if you are self employed or only have group insurance disability type coverage, so read this closely. LTCI Insurance policies are going up between 20% and 25% later this year. LTC is an extremely cost effect approach to protecting your income for life, in case of a major accident or illness. Here are some scary stats: -82.5% of people with coverage will likely claim in their lifetime -highest claim rate is for a major fracture, for people under age 50 -72% of women will be on claim for 90 days or more -less than 20% of disabilities are the result of injuries at work, and WSIB does not extend to off work hours -if you are disabled, your income requirements typically increase, not decrease. Sun Life is the Industry Leader in LTCI coverage, we have more policies enforce than all other companies combined. Strongly urge you to ask for brochures/quotes/explanations on this. If not from me, from another Sun Life advisor (not all are authorized to quote this product though). Expect to hear a lot of ranting from me on this in the next two months, seriously important to consider.
Posted on: Tue, 24 Sep 2013 19:19:38 +0000
Trending Topics
© 2015