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.

It may surprise you that:

  • Just over 1 in 4 of today’s 20 year-olds will become disabled before they retire.*
  • 62% of Canadian workers have been exposed to someone who has had to take time off work due to a disability
  • 43% of Canadian workers have had an immediate family member or have themselves had to take time off work due to a disability
  • 1 in 7 Canadians are disabled at any given time

Chance 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

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.