When you are unable to work for a time due to illness or an accident, you receive a legal benefit from the health insurance fund. But is it enough to continue to bear all your family's fixed expenses? What about your loan? Guaranteed income insurance (or disability insurance) guarantees you a replacement income when you are unable to work.
Especially if you are entrepreneur , it is wise to take out guaranteed income insurance. It compensates for the loss of income you suffer because you are unable to work. Nice extra: the premium of your disability insurance is fully tax deductible.
Disclaimer
This page is part of a lexicon and does not provide product information or contractual details on insurance services. For specific information, please refer to the official documentation or contact your insurance agent.
