Disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue on or off the job.
There are different kinds of disability insurance coverage, including individual insurance plans and group insurance plans, as well as government plans such as workers’ compensation and benefits provided under the Canada Pension Plan.
Personal Disability Insurance
There are a variety of options and ways to design and structure a personal disability program. Options and rates available to you will depend on your age, health and occupation. Taking the time to understand what is available to you will ensure you build a policy that offers the protection you need within your budget.
Disability Protection – Business
Key people are productive and are directly correlated to the profits of every business. There are various types of disability insurance policies to reimburse overhead expenses, fund buy-sell agreements and that can help you hire a replacement for a key employee that has suffered a serious disability.