Why it is important?
Imagine being unable to work for several months or even years. How would you pay your bills, your mortgage, or your everyday expenses?
Disability insurance gives you peace of mind by ensuring that your financial needs are covered during your recovery.
Monthly income
Receive a monthly income that replaces a portion of your paycheck
Customized plan
Benefit from a tailor-made plan designed to meet your personal needs
Guaranteed rates
You are guaranteed to receive a fixed premium that can last up to age 65
How it works?
You take out a disability insurance policy that covers a portion of your income, often between 60% and 80%. If you become disabled and are no longer able to work, you begin receiving benefits after a waiting period, typically between 30 and 90 days.
Types of disability insurance
There are two main types of disability insurance: short-term and long-term. Short-term disability insurance covers a shorter period, usually up to six months, while long-term disability insurance can protect you for several years, or even until retirement age.