This type of insurance is used to help protect you and your family from an unexpected illness or accident that leaves you unable to work and earn an income.

Long Term Disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount, for a specified time if you:

  • Temporarily can't work
  • Are permanently disabled due to an injury or illness 

Generally, if you pay the entire amount of the disability premium yourself, your disability benefits will be tax-free. This may bring your income while on disability closer to your current take-home pat. When deciding how much life or disability insurance you may need, we consider the loss of income in your household should death or disability happen. For example, perhaps only one or no income would be coming in.

If you have benefits through your employer, you many already have this included, but it often is not enough. If you're self-employed, you can get disability insurance that will cover many of your business expenses if you're unable to work.

There are many things to consider when deciding on purchasing disability insurance. Many factors could significantly impact your financial well-being should you ever need to make a claim. We look forward to reviewing all options with you.

Insurance products available through IPC Estate Services Inc. & PPI Solutions