Why take out disability insurance?
For the following three reasons
Financial protection
In the event of disability due to an illness or accident, disability insurance provides a source of income to cover living and medical expenses.
Peace of mind
With disability insurance, you can have peace of mind knowing that you’re financially protected in the event you’re unable to work.
Supplement to health insurance
Health insurance generally doesn’t cover lost income in the event of disability, making disability insurance essential to protect your finances.
How much does Income insurance – Accident cost?
Olivier
35 years old
Amount of monthly income to be replaced
$2,500
Construction contractor
$53.58/month
Isabelle
40 years old
Amount of monthly income to be replaced
$2,000
Self-employed
graphic designer
$24.62/month
Alexandre
45 years old
Amount of monthly income to be replaced
$3,000
Tree pruner
$75.24/month
Want to know how much Income insurance – Accident coverage costs?
Two types of disability insurance
Choose the coverage that best suits your needs
Short term
- In effect before long-term insurance
- Less than 70% of your regular income
- Valid for a predefined period
- In case of absence, employment insurance may be available
Long term
- In effect after the expiration of short-term disability insurance or employment insurance
- Compensation based on a percentage of your regular income
- Determined by your contract
- Can last until the age of 65
- May include premium waiver
Who is disability insurance for?
Self-employed workers
For a self-employed worker, disability insurance is essential to protect their income if they’re unable to work due to an illness or accident, ensure their financial security and guarantee the continuity of their professional activities.
Contractors
For a contractor, disability insurance is critical to protecting income, ensuring business continuity and providing financial security if they’re unable to work due to an illness or accident.
Employees
For an employee, disability insurance provides additional financial protection if they’re unable to work due to an illness or accident, guarantees personalized coverage and ensures financial security independent of that offered by the employer.
Learn more about disability insurance
Questions about disability insurance?
See the FAQ section on our website to find the answers to your questions.