Disability Insurance:
Protect Your Income and Your Peace of Mind
If an illness or accident prevents you from working, disability insurance secures your financial stability and protects your family.
Your income is your most valuable asset: protect it!
Have you ever thought about what would happen if an illness or injury prevented you from working for weeks, months, or even permanently?
Disability insurance replaces an important portion of your income (up to a policy maximum) when a doctor certifies that you are unable to work due to a temporary or permanent disability.
While some employers provide group insurance, it is often limited and can be lost if you change jobs. An individual policy ensures continuous protection, independent of your employer.
Disability group insurance might not be enough to cover your needs
Have you read the details of the disability coverage offered by your employer?
Ask for a copy of the coverage description and look for the following :
Actual benefit amount:
Will it cover your basic expenses (rent, mortgage, utilities, food)?
Waiting period:
Some plans take up to 90 or 120 days before payments start.
Eligibility conditions:
Does it cover illness as well as workplace accidents?
Are you covered 24/7 or just during working hours?
Coverage duration:
What happens if you change jobs?
Exclusions and limits:
Group plans often have salary caps or job category restrictions.
Having a personal policy gives you control, continuity and peace of mind!
Main features of disability insurance
PROTECT YOUR INCOME !
Income replacement
Coverage for temporary or permanent disability
(as per medical diagnosis)
Monthly payments as long as the disability continues
Coverage for accident, illness, or both
Portability if you change jobs
Access to rehabilitation and support services in selected plans
Frequently Asked Questions – Disability Insurance
What do I need to apply for disability insurance?
You will typically need:
- Valid ID.
- Proof of income (recent payslips or tax return).
- Employment information.
- Health questionnaire.
- Some insurers may require a medical exam depending on the coverage amount.
What is a waiting period?
The waiting period is the time you have to wait before receiving the insurance benefits. The waiting period varies from one insurer to another and from product to another.
How long can I receive benefits?
It depends on the kind of disability declared by your doctor and your policy conditions. Some contracts will pay 2 and maximum 5 years, while others will continue paying benefits until age 65.
When do payments start?
Benefits are paid after the waiting period. Some contracts will start paying 30 days after the disability is declared and others will start payments after 2 years.
What if I already have group disability insurance?
You can keep both. Your individual policy can complement your group plan or protect you if you lose your job.
For example: if your group insurance imposes a waiting period of 120 days (4 months), you can purchase a private disability insurance with a waiting period of only 30 days.
Can I apply for coverage if I’ve had a disability?
As long as you are deemed eligible you can apply for disability insurance. However, it is most likely that any previous injury or illness will be excluded from the new coverage.
Speak with an advisor about your particular situation to learn more.
Your ability to generate income deserves protection.
Request your personalized quote today and secure your family’s financial stability against the unexpected.
Confianza basada en experiencia real
Más de una década ayudando a familias y profesionales en Quebec a proteger su fuente de ingresos
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Co Founder
Jhon william
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Co Founder
Sarah albert
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Co Founder
Mike hardson
Tips to stay financially stable in case of disability
A QUICK READ:
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- Saving and investing
- TFSA, RRSP or FHSA: Choose the best account to grow your money in Canada
- Financial security
- Life, Disability or Critical Illness Insurance: Which One Do You Really Need?