Disability Insurance: A Smart Solution for Business Owners

As a business owner, you likely spend countless hours building and growing your company. But what happens if an illness or injury takes you out of the picture? How would your business—and your income—survive? At Founders Wealth, we’re dedicated to helping business owners like you protect their hard-earned success. One of the most important tools in your financial toolkit is disability insurance.

What is Disability Insurance?

Disability insurance provides a safety net if you’re unable to work due to an injury or illness. It offers a monthly income to help cover personal living expenses, business costs, or both. This ensures that even during your recovery, your financial stability is maintained.

Why is Disability Insurance Crucial for Business Owners?

For business owners, especially those who are self-employed or run small to medium-sized companies, the stakes are higher. Your income is often directly tied to your ability to work. Disability insurance acts as a buffer, allowing you to continue meeting your financial obligations even if you’re temporarily unable to work. Here’s why it matters:

1. Income Protection – You receive a portion of your income so you can still cover your personal expenses, even when you can’t work.

2. Business Protection – Some policies can help cover ongoing business expenses like rent, utilities, and employee salaries, so your business remains operational.

3. Peace of Mind – With coverage in place, you can focus on your recovery, knowing that your financial health and your business are secure.

   
   

How Does Disability Insurance Work?

Once a disability claim is approved, you’ll begin receiving monthly payments after a specified waiting period (which you can choose when setting up your policy). These payments can be used to cover personal living costs or keep your business running smoothly. Policies are customizable, allowing you to select the coverage that best meets your unique needs.

Who Should Consider Disability Insurance?

If you’re a business owner, self-employed, or rely heavily on your income to maintain your lifestyle or business, disability insurance is essential. It ensures that you and your business are protected in the event of a disability that limits your ability to work.

Why Choose Founders Wealth for Disability Insurance?

At Founders Wealth, we offer tailored disability insurance policies designed to protect both your personal income and your business. Our team of advisors will work with you to assess your risks and help you choose the best coverage options.

• Tailored Coverage – We customize policies to fit your personal and business needs.

• Peace of Mind – You’ll have the security of knowing you’re financially protected.

• Flexible Options – Choose the waiting period, benefit amount, and coverage length that work for you.

Get Started Today

Don’t leave your financial future to chance. Contact us at Founders Wealth to learn more about how disability insurance can protect you and your business. Visit founderswealth.ca or reach out to us at 1.888.457.1399 or info@founderswealth.ca for a personalized consultation.