Earning an income is not only important to maintaining your quality of life, it also lets you provide an education for your children, planning for retirement, and dealing with emergencies. But what happens if you are injured and can no longer work? In Canada, over 1 in 3 Canadians will be disabled due to an injury for 90 days or more. This statistic shows how vulnerable Canadians are and how susceptible they can be to facing a disability and having to take time off of work to recover.
Disability insurance is an insurance policy that protects your income in the event that you cannot work due to an injury or handicap. A disability plan can either pay a steady living benefit each month or a lump sum payment to the insured after making a claim.
Types of Disability Insurance:
There is a variety of disability insurance plans available to Canadians. From long and short-term disability coverage to disability insurance for the self-employed and those over the age of 65, there is a plan for any need. See our comprehensive list of coverage options below and click on a plan to learn more about what it offers.
| Plan | Overview |
|---|---|
| Short-Term Disability | Short-Term Disability provides monthly payments for 15 to 52 weeks to replace your income. More about Short-Term Disability |
| Long-Term Disability | Long-Term Disability provides income replacement for more than a year. This coverage can provide steady income up to age 65. More about Long-Term Disability |
| Disability for the Self-Employed | This form of disability coverage is designed to help those with their own business. This plan helps to protect both your business and way of life if you are injured and cannot work. More about Disability for the Self-Employed |
| Disability over Age 65 | Disability Insurance over age 65 helps those Canadians who are retiring later in life with reliable disability coverage up to age 75. More about Disability over Age 65 |
| Guaranteed Renewable Disability Insurance | This form of disability coverage provides Canadians with continued coverage even after a disability claim has already been made. More about Guaranteed Renewable Disability Insurance |
| Non-Cancellable Disability Insurance | Non-Cancellable Disability coverage is a policy that cannot be cancelled by anyone but the insured and provides Canadians with guaranteed premiums for the life of the plan. More about Non-Cancellable Disability Insurance |
We work with all major Canadian providers to offer you the best rates on Disability Insurance. Our advisors work with the whole market to find you a plan that matches your budget and unique circumstances.
Please complete our short enquiry form to get a free, no-obligation quote for Disability Insurance.
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