DISABILITY PROTECTION

Your biggest asset is your ability to earn an income. Protect yourself from an unforeseen accident or sickness with disability protection. We offer 24-hour coverage for most occupations and can provide up to 75% of your pre-disability income on a tax-free basis. Benefits can start as early as day 1 through 120, considered a short-term disability, and Long term starts at day 120 and continues from 2 years, 5 years, or until age 65. Own occupation extension from 2 to 5 years for trades/professionals.

Did you know that nearly 50% of mortgage foreclosures and bankruptcies are caused by an unexpected illness or injury? Why risk your saving and assets when you can easily take the step to protect your future?

If you’re starting your career, accident-only protection may be adequate however, since rates are based on the age at application, your better locking in a comprehensive policy that covers you for both accident and sickness for the long term. You’re also less likely to have pre-existing conditions that are likely to be excluded. As you can see, sickness begins to outweigh injury at around age 44.

Is disability insurance worth the premium? If you consider that the average length of a disability is about 3 years, the return on investment is usually about 1500 times the premium, or about 125 years worth of monthly payments, depending on your risk or job class. For example, if your benefit is $5,000 per month, you’ll receive $60,000 annually and $180,000 over the course of 3 years in exchange for a $120/month premium.