What is disability insurance?
Disability Insurance provides a steady income to the insured when they are unable to work due to illness or injury.
Who should purchase disability insurance?
If you are financially dependant on your income and would struggle without it, you should consider investing in a Disability Insurance policy.
Won't the government take care of me If I get sick?
There are programs available to Canadians who are unable to work due to illness or injury, however these programs pay out a limited income replacement. This means that you may find a HUGE gap in income while depending on government programs.
Why do I need Disability Insurance, I already have it through my group benefits.
Group benefit programs have limited coverage. When it comes to disability insurance, not all policies are created the same. The definitions used in the contract itself can mean the difference between being covered and not covered.
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