If illness or injury keeps you from working, disability coverage replaces part of your income so life can carry on.
Your ability to earn is likely your most valuable asset. Disability insurance replaces a portion of your income if an illness or injury prevents you from working. It keeps your household running when a paycheque stops, which is often the risk people are least prepared for.
Receive a regular benefit to cover living costs while you are unable to work.
Choose how soon benefits begin and how long they last, based on your needs and budget.
Protection applies whether you are sidelined by an accident or a health condition.
Especially important when there is no employer sick leave or group plan behind you.
The income goes directly to you, to use for whatever your household needs.
If your lifestyle depends on showing up to work, this is the coverage that protects it.
No employer coverage means the risk falls entirely on you.
Protect income that can swing when you cannot work.
Keep the household stable if the main income stops.
Fill the gap when work offers little or no coverage.
It replaces a portion of your income if an illness or injury prevents you from working, paying you a regular benefit for a set period.
Policies commonly replace a percentage of your income rather than all of it. The exact amount depends on the policy and your situation.
It depends on how premiums are paid. Benefits from a personally paid policy are often received tax-free, while employer-paid coverage can be treated differently.
Group coverage helps but is often limited and ends when you leave the job. A personal policy stays with you and can top up gaps.
That depends on the policy. Some pay for a couple of years, while others pay to a set age. You choose the length that fits your needs and budget.
Book a consultation and we will help you protect your earning power with the right disability coverage.
416-300-7393
Manjit Singh Sandhu · Financial Advisor
