Living Benefits
What would it mean to you and your family if your paycheck stopped tomorrow?
In Canada for every home foreclosure due to death there are 8 foreclosures due to disability.
Disability insurance provides protection against the loss of a paycheck by paying a monthly benefit when you are unable to work.
We compare Canadian Disability Insurance companies to ensure your family gets the best coverage at the best rates.
Some common features offered by Canadian Disability Insurance Companies are:
- Replacement income if you become ill or injured.
- Disability insurance varies, depending on your occupation: the more dangerous your job, the higher the premiums and limitations.
- The amount of coverage usually covers about 2/3 of your current earnings.
- The paid benefits from an insurance claim are usually TAX FREE.
- The Disability Insurance Benefit period can vary, anywhere from 2 years, up until the age of 65 and in a few cases beyond that.
VIDEO - Disability Insurance 101
Blog article on disbility
NOTE: There are far too many variables and different definitions that need to be considered for us to offer online quotes. Please complete the contact box on the left of this page and we will have a trained specialist serve you, or call 1-800-471-0411 to protect your income.
Email: Gordon@smartchoicelife.com
