Disability insurance can help protect your family when a serious illness or injury happens.
When your child or spouse is critically ill or experiences a critical injury, being with them is your first priority. If that means taking time off work without pay, it can be difficult to keep up with expenses.
Insurance Can Help Close the Gap
A new rider can be added to your disability insurance policy to help in one of two ways. It’s a monthly benefit that can be used to help fill the income gap if you can’t work while caring for a terminally ill or injured child or spouse. Or if you choose to continue to work during this time, the monthly benefit is yours to spend on whatever you and your family needs.
Cathy Loblaw, President and CEO of Ronald McDonald House Charities Canada on the value of insurance when dealing with a family illness.
To learn more about disability insurance and how you can customize your policy so it makes sense for your family, speak to an RBC Insurance Advisor.
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