Disability Insurance
Your ability to earn an income is your greatest asset. Protect your lifestyle from the unexpected.
Key Benefits
Income Replacement: Receives a tax-free monthly benefit if you cannot work.
Own Occupation Rider: Protects your specific professional standing and income level.
Partial Disability: Benefits payable even if you can work part-time.
Future Insurability: Option to increase coverage as your income grows without medical exams.
"Statistically, a 30-year-old is four times more likely to become disabled than to pass away before age 65. Worker’s Compensation only covers work-related accidents, and EI is limited to 15 weeks. Private disability insurance is the only way to guarantee your income stream remains intact until retirement, covering both injury and illness."
Disability Insurance: Frequently Asked Questions
Disability insurance replaces a portion of your income (typically 60-85%) on a tax-free basis if illness or injury prevents you from working. Unlike Workers’ Compensation, which only covers work-related incidents, private disability insurance covers both injury and illness, on or off the job.
Group coverage through an employer is valuable but often limited — it may cover only 50-60% of base salary, be taxable, and end when you leave the job. A personally owned policy is portable, the benefit is tax-free, and the coverage is locked in regardless of future job or health changes.
An own-occupation rider pays benefits if you cannot perform the specific duties of your own profession, even if you could work in another field. It is especially important for specialized professionals such as dentists, physicians, and surgeons.
Ready to secure your Disability Insurance?
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