Applets are used by Advisors in PPI’s Toolkit Direct (Advisor login required) to create professional, straightforward presentations for clients.
The Income Replacement applet (Advisor login required) can be used to answer the daunting question, “What would you do if you could no longer work due to disability or sickness?” While this may not be a question that you want to ask your clients out-right, it is something very important for them to consider.
As of 2022, 8 million working-age Canadians (age 15 – 64) identified themselves as disabled*. This means that 27% of Canadians may be unable to support themselves financially as their ability to work may be affected. In most cases, an individual disability plan may be the only source of income your client can count on during a period of disability. It is your responsibility as a life insurance advisor to inform your clients that there is still a viable way to carry on financially.
Use this applet to help illustrate the key benefits and features of today’s income replacement options. It offers a simplified disability income needs analysis to help illustrate your client’s current financial position and their potential disability income gap.
Please contact your local PPI Collaboration Centre for more information.
*Source: Statistics Canada, Canadian Survey on Disability, 2017-2022
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