Disability Insurance

Protect your lifestyle if illness or injury stops work.
Stay on track while you recover.

What is disability insurance?

Disability insurance ensures you can focus on getting better by replacing a portion of your income with a monthly benefit if you’re unable to work due to a covered illness or injury. Benefits help pay everyday bills, rent or mortgage, groceries, loans, and childcare.

How does it work?

Disability insurance provides income replacement if you are unable to work due to illness or injury. The benefits can last for varying lengths of time, depending on your policy, offering support for anything from a few months to several years, or even until retirement. Disability insurance offers monthly income replacement, typically covering 70–85% of your pre-disability earnings.

Who is it best suited for?

Anyone who relies on their income. This includes, employees, contractors, professionals, and business owners. It’s especially helpful if you have fixed obligations or limited emergency savings.

Your income is your most valuable asset. Here’s how disability coverage can keep money coming in if health issues keep you from working.

Key features of a
disability insurance policy

01 Income Security

You can concentrate on your recovery without the stress of bills, debt, or financial challenges.

02 Tax-free Benefits

If you personally pay the premiums, rather than your employer, the benefits you receive are tax-free.

03 Peace of Mind

To safeguard yourself against the financial effects of being unable to work, now is the perfect time to review your coverage.

Still have questions?

Reach out to speak to an advisor and get clear guidance.

Speak to an advisor

Frequently Asked Questions

How long does coverage last?

Coverage duration varies by plan. Short-term plans may provide support for several months, while long-term options can extend until a specified age. Contact us to determine the best option based on your needs and risk exposure.

Are pre-existing conditions covered?

Coverage for pre-existing conditions depends on the policy. Some plans may have exclusions. It’s important to discuss your specific situation with us to ensure clarity on what is covered.

Is there a waiting period before benefits are paid?

Yes. Most policies include a waiting period, also known as an “elimination period,” which can range from a few weeks to several months, and in some cases up to two years.

Are disability benefits taxable?

If your employer pays the premiums, benefits received are generally taxable. If you pay the premiums yourself, the benefits are typically received tax-free.