Disability Insurance

Disability Pic

Your earning potential is a far more valuable asset than your automobile or your home. Disability insurance is designed to protect you from the possible loss of income. What's the possibility of this happening? It's more than you'd imagine. Why should you consider it? It's the only sure way to protect your greatest asset, YOU.

What's the possibility of this happening?

Chances of becoming disabled for 3 months or longer before age 65*
Percentage     58%  54%  50%  48%  40%  30%  23%
Age                 25      30     35      40     45      50     55

* Derived from 1985 Commissioners Individual Disability Table A.



Why should you consider a personal disability insurance plan?

  • Worker's Compensation only covers work related accidents. Unemployment insurance only covers 15 weeks.
  • Canada Pension Plan: Are you comfortable relying on the government for a benefit that can change?
  • Group and association coverage can fill a valuable role in long-term disability protection. However, the benefit may be limited by the definition of disability and coverage amount.

Remember, a custom designed individual disability insurance plan will provide you with the coverage you need to protect your greatest financial asset.

Disability rate by age and sex, Canada 2001

This chart demonstrates that the disability rate gradually increases with age.

Prevalence of disability among young adults aged 15 years and older, by type of disability and sex, Canada 2001

More than 10% of adults have activity limitations related to pain or discomfort.