Protect your income when you can't work — your livelihood depends on it
Your ability to earn an income is your most valuable asset. But what would happen if an illness or injury prevented you from working? How would you pay your mortgage, feed your family, or maintain your lifestyle?
Disability Insurance replaces a portion of your income — up to 70% — if you become unable to work due to a covered illness or injury. It ensures that even if you can't work, your income doesn't stop. At Ourinsurenase, we help you find the right disability coverage to protect your financial future.
Disability Insurance provides monthly benefit payments if you become disabled and cannot work due to an illness or injury. It's designed to replace your income so you can focus on recovery without financial stress.
Key facts about disability in Canada:
Provides income replacement for a short period — typically 3 to 6 months — if you're temporarily unable to work due to illness or injury.
Provides ongoing income replacement for extended disabilities — from 2 years up to age 65 — if you're unable to work for a longer period.
When choosing disability insurance, several important features affect your coverage:
Pays benefits if you can't work in your own specific occupation, even if you could do other work.
Benefits increase with inflation to maintain your purchasing power over time.
Increase your coverage as your income grows without additional medical exams.
Covers disabilities caused by mental health conditions, including depression and anxiety.
Partial benefits if you return to work part-time — helps ease the transition.
Premiums and benefits are guaranteed — the insurer can't change your terms.
Receive up to 70% of your income monthly — tax-free if you pay premiums yourself.
Keep paying your mortgage and home expenses while you recover.
Your family's lifestyle is maintained even if you can't earn an income.
No financial stress means you can focus entirely on getting better.
Individual policies follow you — even if you change jobs or careers.
Protection for both accidents and illnesses — including mental health conditions.
No employer sick benefits. If you can't work, you don't earn. Disability insurance is essential.
Protect your business income and ensure operations continue if you're temporarily unable to work.
Doctors, dentists, lawyers, and other professionals need own-occupation coverage to protect specialized income.
Group plans may not be enough. Individual coverage supplements or replaces employer benefits.
Physical work means higher injury risk. Protect your income if you can't perform your trade.
If you're the primary earner, your family depends on your income. Protect their future.
"Own Occupation" means you receive benefits if you can't perform the duties of your specific job — even if you could do other work. "Any Occupation" means you only receive benefits if you can't do ANY job. Own Occupation is more expensive but provides better protection, especially for specialized professionals.
Most disability insurance policies replace 50–70% of your gross (pre-tax) income. The exact amount depends on the policy and insurer. Benefits are typically tax-free if you pay the premiums yourself (not through an employer plan).
The elimination period (also called the waiting period) is the time between when your disability begins and when you start receiving benefits. Common options are 30, 60, 90, or 180 days. A longer elimination period lowers your premium but means you need savings to cover the gap.
Yes, most modern disability insurance policies cover mental health conditions including depression, anxiety, burnout, and PTSD. However, some policies may have limitations on mental health claims (e.g., a 2-year benefit cap for mental health vs. to-age-65 for physical conditions). Our advisors can help you find a policy with comprehensive mental health coverage.
Group disability insurance is a good start, but it often has limitations: it may only cover 60% of income (taxable if employer-paid), may have a restrictive definition of disability, and ends if you leave your job. Individual disability insurance provides portable, customizable coverage that stays with you regardless of employment changes.
The cost depends on your age, occupation, health, income, benefit amount, elimination period, and benefit period. Typically, premiums range from 1–3% of your annual income. For example, if you earn $60,000/year, premiums might be $50–$150 per month. Contact us for a free personalized quote.
Absolutely. In fact, self-employed individuals need disability insurance more than most because they don't have employer sick benefits. We offer specialized plans for self-employed individuals and business owners, including overhead expense coverage that pays your business expenses while you're disabled.
If you recover and return to work full-time, your disability benefits stop. However, many policies offer "partial disability" or "residual disability" benefits that pay a reduced amount if you return to work part-time or at reduced capacity. This helps ease the financial transition back to full-time work.
Don't wait until it's too late. Get a free disability insurance quote from our licensed advisors.
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