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Disability Insurance

Ensuring Financial Stability Through Life's Unexpected Turns

Disability insurance can help protect you and your family from an unexpected illness or accident that leaves you unable to work and earn an income.
Generally, disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount, for a specified period of time.

Many employers offer disability insurance. However, you can get your own disability insurance plan through a life and health insurance agent.

If you’re self-employed, you can also get disability insurance that will cover many of your business expenses if you’re unable to work.

The unexpected can happen at any time. Whether you suffer an accident, an illness or any other reason for disability, the consequences can be difficult emotionally as well as financially.

If something were to happen, knowing that you’re covered by health and disability insurance can help you focus on your recovery, without worrying about your financial situation. You’ll have the peace of mind you need to recover!

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FAQ

Doesn't the Canadian government provide coverage for Disability?
While the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) do include disability coverage, there are considerable limitations to the benefits provided by these plans:
• To qualify for the CPP disability benefit, you must sustain a severe and prolonged mental or physical disability and be unable to work at any occupation. With a Disability Insurance plan through us, you may be able to receive benefits under a less stringent definition of disability.
Who can apply for Disability Insurance coverage?
You may apply for Disability Insurance if you are between the ages of 18 to 65
How much does it cost?
Premiums will depend on coverage, as well as other factors:
• Job
• Age
• Sex
• Smoking status
• Health
• Monthly benefit amount

Can I make changes to my policy after getting it?
It’s quite common to amend a Disability Insurance policy over the course of your life, since your coverage amount is tied to your job and salary. Plus, you may want to adjust your coverage amount as your needs change. For example, if your salary goes up, your expenses probably will too—and you’ll want a higher insurance amount to make sure you’d still be able to cover them.

If you increase your coverage, you may need to provide proof of good health. However, you can avoid doing so if you include a future increase option when you purchase your policy.
How can I decide which Disability Insurance plan is right for me?
We will analyze your needs, determine the maximum amount of coverage you can get, and recommend the best solution for your situation. You can choose the benefit period you need: anywhere from a few years to a period that will take you through to retirement.