Less than 1 in 4 New Brunswickers has disability insurance beyond that provided by their employer.
6 common questions young workers have about insurance
Life insurance
When should I get life insurance?
It is never too late, but the younger the better. Why? Because you are generally active and healthy, so the risks are lower. And it is a good time to build up your capital for strong financial security.
Life insurance
Can I inherit a debt from a relative?
Yes, it is possible. If you are a co-signer on a joint account and there are debts or monies owed on it.
Life insurance can relieve you of your loved ones’ debts and expenses related to their death.
Disability insurance
As a young worker, does disability insurance protect me in case of loss of income?
Yes. Your policy may provide for loss of income if you become physically or mentally disabled.
Disability insurance
Why take out disability insurance if I am fit and healthy?
During their lifetime, 1 in 4 Canadians will be off work due to an accident or illness - mental or physical - which has a major impact on your income. 1
Disability insurance offsets your income and covers your expenses with a monthly payment.
1 Source: Statistics Canada
Critical illness insurance
Can I afford critical illness insurance on a tight budget?
Of course! By paying less at the beginning and more at the end of the contract, it allows you to have good protection, even with a small budget.
Critical illness insurance
Why do I need critical illness insurance?
To protect your lifestyle and cover the expenses related to the illness and thus offer you peace of mind.