Disability Insurance

Disability insurance coverage provides you monthly cash payments in event of accident or illness for the duration of term. Disability can be caused by sudden accident or degenerative illness. It replaces portion of your paycheque while you are recovering from accident or illness which is typically 60 to 85 percent of your regular income. The benefit payment is made until you are in good health and ready to work or your term of your disability coverage expires.
Disability insurance coverage protects your livelihood and standard of living. The monthly benefit amount is dependant upon amount of coverage you applied, and income earned.
Disability insurance is particularly important for self employed person who do have any coverage from work.

• Covers up to 85 percent of income.
• Benefits can be purchased for 2, 5 or up to 75 years for age.
• Premiums can be reduced by increasing waiting period before your benefits begin.
• Wide variety of occupations are covered.
• Disability benefits can be received from more than one source for example from individual disability insurance and from employers group plans.