Disability Insurance
Income Replacement - Individual Disability Plans
If you become disabled, your ability to earn income may be compromised, resulting in your ability to pay bills or save for retirement declining. Our disability insurance plans are designed to help you meet your income requirements so that you can concentrate on recovering from your disability and returning to an active lifestyle. Income Replacement coverage provides protection for individuals in case of disability due to illness or injury. Income Replacement plans for individuals can cover you for injury only, or else can provide you with coverage for both injury and illness. You can get coverage from the day the accident happens or add a waiting period to the plan, which will lower the cost. Employment Insurance (EI) can cover you if you are an employee for the first 120 days. If you are a business owner first day coverage would be a better choice. Durations of coverage for these plans are 2 years, 5 years, or to age 65. The peace of mind that Income Replacement can provide is available to professionals, business owners, business executives, and full-time home-based workers. Whether you need to secure your main source of income or to supplement the coverage you receive from your employer, we can help by providing a comprehensive plan you can rely on throughout your working years. To find out about our complete range of disability insurance plans, contact our advisors today. It may be the most important financial planning decision you’ll ever make.