Individuals & Families

Disability Insurance

What is your most important asset?

If you said, "my house", sorry, but no! And it's not even a trick question.

Your most important asset is your ability to earn an income.

Let's say you earned $60,000 per year, and that never changed for your entire working life. Assuming you worked from 25 to 65, you'd make about $2,400,000 in salary over that time.

So what happens if you suddenly can't work and you don't have Disability Insurance?

Do your bills suddenly stop because they know you're sick, or do they pile up and up until you can no longer deal with them -- and they destroy everything you've worked hard to build?

If you're self employed, or your company doesn't have Disability Insurance, you won't have a way to replace your income if you get sick or injured. If you work for a company that does have health benefits but you earn more than the average person there, you could also have limits on how much you can earn -- so it could be way less than 2/3 of what you made while healthy. This is where Short Term Disability Insurance comes in.

How it works:

You pay a monthly fee for disability insurance that’s based on the income you need to cover; your occupation and your demographics (like age, gender, and smoking status). If you become disabled and are unable to work, whether through sickness or injury, you can go on claim to replace part of your income.

You can even put a rider on that will return half of your payments to you if you don’t end up using it!

And if you're a sole proprietor, professional corporation or self employed person with a lot of overhead costs, we have access to Overhead Insurance specifically built to cover your overhead costs while you're sick or injured -- so your company can continue while you get better!