Disability Insurance

Your ability to earn income is your most valuable asset. Disability insurance is designed to protect you from a possible loss of income. What’s the possibility of this happening? Below are some statistics on disabilities occurring at different life stages.

Chances of becoming disabled for 3 months or longer before age 65*

%
Age
58%
25
54%
30
50%
35
48%
40
40%
45
30%
50
23%
55

* Derived from 1985 Commissioners Individual Disability Table A.

Why should you consider personal disability insurance?

  • Worker’s Compensation only covers work related accidents.
  • Unemployment insurance only covers 15 weeks.
  • Canada Pension Plan: Are you comfortable relying on the government for a benefit that can change?
  • Group and association coverage can fill a valuable role in long-term disability protection.

However, the benefit may be limited by the definition of disability and coverage amount.
Remember, a custom designed individual disability plan will provide you with guaranteed coverage and guaranteed premiums.

Disability rate by age and sex, Canada, 2011

Prevalence of disability among adults aged 15 years and over, by type of disability and sex, Canada, 2011

Latest News

Help for Small/Medium Businesses & Entrepreneurs - 75% wage subsidy, $40,000 interest-free loan & more

March 27, 2019 - Prime Minister Justin Trudeau announced programs and measures focused on helping Small & Medium Sized Businesses and Entrepreneurs cope with the economic consequences caused by the COVID-19 pandemic. “With these new measures, our hope is that employers being pushed to laying off people due to COVID-19 will think again,” Trudeau said. “And for those of you who have already had to lay off workers, we hope you will re-hire them.”