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        • Your Guide for a fortified tomorrow.

        • Term life insurance is a type of life insurance policy that provides coverage for a specified period, known as the term.

          Unlike permanent life insurance policies, such as whole life or universal life, which offer coverage for the insured’s entire life, term life insurance offers coverage for a predetermined period, typically ranging from 5 to 30 years.

          This type of insurance is designed to provide financial protection to your loved ones in the event of your untimely death during the term of the policy.

          Universal life insurance is a type of permanent life insurance that combines a death benefit with a cash value component.

          Unlike whole life insurance, which typically offers fixed premiums and cash values, universal life insurance provides policyholders with flexibility in premium payments, death benefit options, and the allocation of cash value among investment accounts.

          This flexibility allows policyholders to adjust their coverage and premiums over time to suit their changing financial needs and goals.

          Whole life insurance is a type of permanent life insurance that provides coverage for the entire lifetime of the insured individual, as long as premiums are paid.

          Unlike term life insurance, which offers coverage for a specified period, whole life insurance offers lifelong protection and includes a cash value component that grows over time.

          This cash value accumulation provides policyholders with an additional financial asset that can be accessed during their lifetime through policy loans or withdrawals.

          Long Term Care (LTC) insurance provides financial protection by covering the expenses related to long-term care services, encompassing a wide range of healthcare needs including nursing home care, assisted living facilities, in-home care, and various medical services required for chronic illnesses, disabilities, or conditions necessitating assistance with daily activities over an extended duration of time.

          Disability insurance is a type of insurance coverage designed to provide financial protection in the event of a disabling injury or illness that prevents an individual from working and earning an income.

          Disability insurance replaces a portion of the insured individual’s income if they become disabled and are unable to work, helping to cover essential living expenses, medical bills, and other financial obligations during a period of disability.

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Welcome to
Disability Life Insurance

Safeguarding Your Income and Protecting Your Future

Welcome to
Disability Life Insurance

Safeguarding Your Income and Protecting Your Future

What is Disability Life Insurance

Disability insurance is a type of insurance coverage designed to provide financial protection in the event of a disabling injury or illness that prevents an individual from working and earning an income.

Disability insurance replaces a portion of the insured individual’s income if they become disabled and are unable to work, helping to cover essential living expenses, medical bills, and other financial obligations during a period of disability.

young man in wheelchair

Why Disability Life Insurance

Disability insurance is essential because it protects your most valuable assetyour ability to earn an income.

Without disability insurance, an unexpected injury or illness that leaves you unable to work could lead to financial hardship and jeopardize your financial stability and long-term goals.

Disability insurance provides peace of mind knowing that you have financial protection in place to help you maintain your standard of living and support your family in the event of a disability.

How does Disability Life Insurance Work

Disability insurance works by providing monthly income benefits to policyholders who are unable to work due to a disabling injury or illness.

Policyholders pay premiums to the insurance company, and in return, the insurance company provides benefits if the policyholder becomes disabled and meets the policy’s definition of disability.

When a policyholder becomes disabled and is unable to work, they can submit a claim to the insurance company, providing documentation and medical evidence to support their disability claim.

The insurance company reviews the claim and determines eligibility for benefits based on the policy’s terms and conditions. If approved, monthly disability benefits are paid out to the policyholder for the duration of their disability, up to the policy’s benefit period or until they are able to return to work.

disabled persons

Who may need Disability Life Insurance

Working Professionals

Individuals who rely on their income to cover living expenses, support their family, and achieve their financial goals.

working professionals

Business Owners

Entrepreneurs and business owners who do not have access to employer-sponsored disability benefits and want to protect their income and business interests.

business owner

Self Employed Individuals

Freelancers, consultants, and gig workers who do not have access to traditional employer-sponsored benefits and need income protection in case of disability.

lady using laptop

Sole Breadwinners

Individuals who are the primary earners for their families and want to ensure their loved ones are financially protected in the event of a disability.

sole breadwinner

High Income Earners

Individuals with high earning potential who want to maintain their lifestyle and financial security if they are unable to work due to disability.

lady shopping

Disability Life Insurance Advantages and Disadvantages

Advantages
checkedProtects your income and financial stability in the event of a disabling injury or illness.
checkedProvides peace of mind knowing that you have financial protection in place for unexpected emergencies.
checkedHelps cover essential living expenses, medical bills, and other financial obligations during a period of disability.
checkedOffers flexibility in coverage options and benefit amounts to suit individual needs and budget.
checkedMay provide tax advantages, with disability insurance premiums often being tax-deductible for self-employed individuals.
Disadvantages
Premiums can be expensive, especially for high-income earners or individuals in high-risk occupations.
Policy eligibility and benefits may be subject to certain restrictions and limitations, depending on the policy’s terms and conditions.
Coverage may be limited to specific types of disabilities or may exclude pre-existing conditions.
Policyholders must continue paying premiums to maintain coverage, even if they never become disabled.
Waiting periods and benefit elimination periods may apply before disability benefits are payable, leading to a temporary loss of income during the waiting period.

Disability Insurance Tools and Resources

Calculator
Educational Resources
Speak to an Adviser
Customer Support

Frequently Asked Questions

Life cover, also known as life insurance, provides financial protection to your loved ones in the event of your death. It offers a lump sum payment to the beneficiaries, helping them maintain their financial stability and cover expenses such as funeral costs, mortgage payments, and everyday living expenses.

EMAXONELIFE offers a range of life insurance products to cater to different needs and preferences. Our life insurance options include term life insurance, whole life insurance, universal life insurance, (IUL) indexed universal life, long term care insurance, disability insurance, and annuity products. Each product provides unique features and benefits allowing individuals to choose the coverage that best suits their requirements.

EMAXONELIFE offers life insurance coverage to a wide range of individuals. Eligibility requirements may vary depending on the specific policy and coverage selected. Generally, anyone who meets the following criteria can apply for life insurance:

checkedMust be of legal age (18 years or older)
checkedMust be a citizen or permanent resident
checkedMust meet the underwriting standards set by EMAXONELIFE, including health and lifestyle factors.
checkedSome policies may have additional eligibility criteria or restrictions, which can be discussed with an EMAXONELIFE Insurance Advisor.
Life insurance is available to individuals who meet the eligibility criteria set by EMAXONELIFE. While the specific requirements may vary, generally, the following individuals can have life insurance:
playtime for minorsMinors
working professionalsWorking professionals
stay at home parentsStay-at-home parents
seniorsSeniors
business owners 1Business owners
financial dependentsIndividuals with financial dependents
homeowners with mortgagesHomeowners with mortgages
individuals seeking to protect their loved ones financiallyIndividuals seeking to protect their loved ones financially

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