A person's single most important 'asset' is their ability to earn an income. Someone making $65,000/year will earn approximately $2,600,000 over a 40-year career. What happens if a person loses their ability to earn an income for themselves and their family?
The short answer: nothing good.
'Income Protection' is exactly what it sounds like: it is a product that helps a family (or individual) to maintain their lifestyle should an income earner lose their ability to work due to critical illness, disability, and/or death.
Should a person lose their ability to earn an income, a proper Income Protection program will do the following:
• if a person becomes disabled, payments designed to replace a portion (or all of their income) are made to the income earner;
• if a person suffers from a critical illness, payments designed to replace a portion (or all of their income) are made to the income earner;
• if a person dies prematurely, their family will receive a lump-sum payment to help maintain their current lifestyle and not have to sell their home or cash their RRSPs to pay their bills.
The size of the market is staggering. Over 60% of Canadian families have inadequate Income Protection programs in place (many people don't have any Income Protection). This represents a tremendous opportunity for companies that are focused on offering high-value Income Protection programs to Canadian families.
The following types of opportunities are available for companies that are marketing Income Protection programs:
• Part-Time (approximately 5-15 hours a week)
• Full-Time (30+ hours a week)
• Transitional (beginning part-time with the intention of moving to full-time)
Pay Structure: Base Salary + Bonus or Commission + Bonus + Stock Options
Potential for Career Upward Mobility: High
Complementary License(s): Investment (Mutual Fund), Mortgage or RESP (education plans)
Restrictions: Must work within province of residence
Training & Development Provided: Yes
Level of Responsibility: Moderate
Required Previous Experience: None
We align Canadians with new career opportunities with leading financial organizations that promote a healthy work/life balance.
