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Disability Income Many people disregard the need for Disability Insurance. The simple fact is, a disability can mean the same, or possibly even greater financial burdens than death. When a person becomes disabled they lose the ability to earn income and they gain the expense of continuing care. Disability Insurance replaces a percentage of your earned income if a disability stops you from earning a living.

Disability Income is available from three main sources:
• from government programs such as the Canada Pension Plan and Employment Insurance. Coverage is limited in terms of benefits.
• from contracts purchased directly from an Insurance Company, Insurance Agent or an Insurance Broker
• from employers or association group benefit plans.

Most Canadians acquire their Disability Insurance through their employer's group benefit plan but for the self-employed, individual contracts can be purchased.

When applying for Disability Insurance an applicant's age, income, occupation, present and pre-existing medical conditions are taken into consideration by insurers in order to calculate the applicable rate.

If you would like to know more about Disability Insurance, please contact me for a
no-obligation consultation.