Disability Insurance
Protect your income and financial security with disability insurance coverage. Get peace of mind knowing you have income protection if a covered illness or injury keeps you from working.
Disability insurance is a vital protection that helps replace your income if you become unable to work due to a covered illness or injury. Having this coverage allows you to:
- Maintain your standard of living and financial stability
- Help cover essential expenses like your mortgage, bills and daily needs
- Focus on recovery without financial stress
Disability Insurance Options
Short-Term Disability
Provides income replacement for temporary disabilities lasting several weeks to months. Ideal for shorter recovery periods from injuries, surgeries, or acute illnesses.
- Waiting periods as short as 7-14 days, depending on the plan
- Typically covers 3-6 months of disability
- Typically replaces a portion of your income — often around 60-70%, depending on the policy and any benefit offsets
Long-Term Disability
Provides extended income protection for disabilities lasting years or until retirement. Essential coverage for serious illnesses, injuries or chronic conditions.
- Elimination periods commonly 90-180 days, chosen when you buy
- Coverage can extend to age 65 or retirement
- Own occupation and partial disability options
Choosing Your Coverage
Evaluate Your Needs
- Review your monthly income and expenses
- Consider your occupation and career plans
- Assess your health and family medical history
Key Policy Features
- Benefit amount and payment period
- Definition of disability and covered conditions
- Cost of living and future insurability options
Benefit amounts, waiting periods, and definitions of disability vary by policy and insurer, and benefits may be reduced by other income such as CPP Disability or EI. Coverage is subject to the terms, conditions, and exclusions of the issued policy. This page is general information, not advice.
Ready to Get Started?
Speak with one of our expert advisors to find the right disability insurance plan for your needs.
