Joe, 23, has just started a new career with a job that will provide him a steady stream of income. Excited about this new opportunity, Joe leases a car and begins to explore the option of renting an apartment with his friends.

A few months later, during a weekend outing, Joe was involved in a snowboarding accident, which resulted in a broken collar bone. Unfortunately, due to this injury, Joe was unable to work for the next 5 months. Without the steady income he had been accustomed to, Joe’s bills, which included his car payment, began to accumulate. He was left with no choice but to spend down all of the savings he had accumulated, and even then, was still unable to pay off his debt.
This situation he found himself in could have been avoided had he purchased disability insurance at the start of his employment. Disability Insurance provides income protection should an accident or illness occur preventing an individual from performing their current occupation.
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