Disability Insurance
Your income is your most valuable asset. Protect it.
Disability insurance replaces a portion of your income, typically 60–70%, if illness or injury prevents you from working. Statistics show 1 in 3 Canadians will experience a disability lasting 90 days or more before age 65.
Key Benefits
Own-occupation vs any-occupation
The strongest policies use an 'own-occupation' definition. You're considered disabled if you can't perform your specific job, even if you could do another.
Covers illness and injury
Disability insurance covers both accidents and illnesses like cancer, heart disease, mental health conditions, and musculoskeletal disorders.
Essential for self-employed and professionals
Employees may have group disability coverage. Self-employed professionals and independent contractors have no safety net. Private disability insurance is essential.
Tax-free benefits
If you pay your own premiums with after-tax dollars, your disability benefits are received completely tax-free.
Who Is This Best For?
Frequently Asked Questions
The elimination period is how long you must be disabled before benefits start, typically 30, 60, 90, or 120 days.
Benefit periods typically run 2 years, 5 years, or to age 65.
Yes, many carriers offer coverage with exclusions or rated premiums for pre-existing conditions.
Often no. Group plans typically cover only 60% of base salary, use restrictive definitions, and benefits may be taxable.
Insurers typically limit coverage to 60-70% of your gross income from all sources.