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Thursday, 19 January 2012

How Would Your Finances Fare if You Suffered an Accident?

Here is good article from Angela Self at the Globe and Mail. It asks a very important question: Would your finances survive if you were out of work?
Whether we like it or not, having adequate insurance is an important piece of our personal finance plan. We have car, home, life, and mortgage insurance, but what about disability insurance? Coverage that pays a fixed amount each month to replace the income we would lose if we have an accident or illness seems like it should be a priority, but it’s often overlooked, according to Mr. Mohamed Mullani, a certified financial planner with SunLife Financial.
You should consult a professional about financial advice, but the article's questions about your "What if..?" plan are worth reading.

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