Disability Insurance

Why Disability Insurance?

Your ability to earn income is your most valuable asset. Disability insurance replaces a portion of your income — typically 60–85% — if a health condition prevents you from working, either temporarily or permanently.

Statistics Canada reports that 1 in 3 Canadians will experience a disability lasting more than 90 days before age 65. Most disabilities are caused by illness, not workplace accidents — meaning workers’ compensation won’t apply.

What It Covers

• Short-term disabilities (recovery from surgery, illness, injury)
• Long-term disabilities (chronic conditions, serious accidents)
• Own-occupation coverage — pays if you can’t perform your specific job
• Any-occupation coverage — pays if you can’t work in any capacity

Key Policy Features to Understand

Elimination period: The waiting period before benefits begin (typically 30–120 days). A longer elimination period means lower premiums.

Benefit period: How long payments last — 2 years, 5 years, or to age 65.

Definition of disability: “Own occupation” is the strongest protection — it pays even if you could technically do a different job.

Non-cancellable: The insurer cannot cancel your policy or raise premiums as long as you pay.

Maria will assess your current income, existing group coverage, and financial obligations to find the right policy for your situation.