Lawyers demand precision—so we’ll be precise. Disability insurance is really income insurance. There’s no insurance plan that can prevent life from coming at you in surprising and unwelcome ways—but there is insurance that can protect your paycheque if an injury or disability keeps you from doing the job you love.
Disability insurance ensures that your career, lifestyle, and financial future are protected if life takes an unexpected turn. And for sole practitioners and small-firm partners, combining it with business expense insurance creates a shield for both your livelihood and your practice.
We spoke with Lawyers Financial’s Jean-Gaston Baudart (Financial Security Advisor and VP, Quebec) about the realities of disability insurance, the limits of group benefits, and the importance of protecting your ability to earn.
