What if something happens that prevents us from working for some time? It’s not a pleasant thought, but it could happen to anyone. The good news is that various insurance companies have planned for this, even if we haven’t. They have created something called disability insurance.
Disability Insurance or income protection is a form of insurance coverage that helps you in the event that you can no longer earn an income due to mental or physical disability. Simply put, disability insurance is a type of policy that pays out if you find yourself unable to work.
There are a number of variations of disability insurance. These typically vary in areas like premium costs, wait periods and overall coverage.
“Disability Insurance for Small Business Owners and Professionals”
Disability, injury or illness can cause a devastating impact on the finances of small business owners and professionals like you. It puts your income in great peril; the impact of such conditions is far-reaching. However, with Manulife ExpenseComp Disability Insurance, you can protect yourself financially from the unexpected illness or injury.
ExpenseComp Disability Insurance plan is the Manulife disability insurance product for individual protection that specifically designed for small business owners and professionals like you.
One of the reasons why businesses suffer when the owner becomes disabled is because he/she is unable to take care of basic business expenses such as rent, salaries, utilities, equipment costs and so forth.
With Manulife ExpenseComp coverage, you can finance these business related expenses and many others irrespective of any disability.
Your business dreams should not be shattered by anything, not even by disability. Manulife created this plan because Manulife understands your financial situation in the event like this to help make sure your income continues uninterrupted.
Affordable income protection designed for small business owners and professionals
Manulife ExpenseComp Disability Insurance can offer you financial flexibility and help cover your business expenses if you can’t work due to injury or disability.
It also offers tons of coverage benefits that are available for this plan. Like the provision to purchase more coverage in the event your expenses increase and many more that listed below.
This popular plan has several benefits outlined below: