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Disability Insurance Income Protection for Calgary
Protected your income to protect your lifestyle with disability insurance.
Request a Disability Insurance Quote Now
Do you need disability insurance income protection?
Choose the disability insurance plan that suits your needs.
If you lose the ability to earn an income, you can also lose the lifestyle you have been creating -- for yourself and your family. It can happen in an instant, and change the rest of your life.
We all know someone who has been struck down with a serious illness, had a car accident, a bad fall, etc. and their life will never be the same again. If it were you, how would you deal with the daily challenges of a serious health condition and the financial pressures with the loss of your income? In Calgary/Alberta we are fortunate to have universal health-care, and many of the major hospital and recovery costs are covered. However, the government will not replace your income if you can’t work. How do you maintain your mortgage payment without income, send your children to college as you planned or reach the retirement goals you have set?
Do you need disability insurance income protection?
If you are self employed or work for a company that has not disability coverage in Calgary then you are totally exposed. The Canada Pension Plan has very limited benefits, and in order to even qualify your condition must be considered critical and irreversible. Even if you work for a company that has group disability insurance it may not be enough. Typically income in the form of bonuses, commissions and advances are not considered regular wages and not covered by your disability plan. If you are a top earning manager or sales person you might be far above the monthly cap placed on most disability group plans. Are you considering changing jobs or starting your own business -- your group sponsored disability plan will end when you leave the company.
Also consider the likelihood of experiencing a long term disability. If you are disabled for more than 90-days, the average time off work is almost 3 years! Experiencing a period of long term disability is 5 times more likely than dying before age 65, and twice as likely as having a critical illness. Take a look at the chart below for the probability of becoming disabled:
When you consider the chances of becoming disabled, losing your income, and being off work for a very long time, disability income protection insurance makes a lot of sense.
Choose the disability insurance plan that suits your needs.
There are many different plans to choose from in the Canadian insurance marketplace. Some are tailored to blue collar workers, like truck drivers and labourers, while others are designed for doctors, lawyers and accountants. Choose from these main categories to find a policy that suits your needs:
- Injury Only Disability Insurance: this type of disability income insurance will pay a benefit if you are off work due to a physical injury to you, either at work or 24 hour coverage.
- Injury and Sickness Disability Insurance: this is comprehensive coverage for you. Be it a car accident or a diagnosis of cancer, if you can’t work your income will be protected.
- Disability Insurance Policy Enhancements: explore all the unique features and benefits that can really round out your disability income protection insurance.
- Business Disability Insurance: insurance policies for overhead expense, loss of a key person and disability buy-sell agreements.
- Return to Work Assistance: when your disability income protection insurance lends you a helping hand, and gets you back on your feet.
Life Guard Insurance provides excellent, personalized disability insurance plans to people in Calgary. Please contact us for more information on how to protect your income and your lifestyle in Calgary.
Request a Disability Insurance Quote Now
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19 Responses to “Disability Insurance”
[...] The biggest financial risk you face is disability. The chance you might suffer from a disability in your life is about 50%. That means one in two Canadians will experience a long-term disability [...]
[...] The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years! [...]
[...] The biggest financial risk you face is disability. The chance you might suffer from a disability in your life is about 50%. That means one in two Canadians will experience a long-term disability [...]
[...] The biggest financial risk you face is disability. The chance you might suffer from a disability in your life is about 50%. That means one in two Canadians will experience a long-term disability [...]
[...] The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years! [...]
[...] The biggest financial risk you face is disability. The chance you might suffer from a disability in your life is about 50%. That means one in two Canadians will experience a long-term disability [...]
[...] The chance you might suffer from a long-term disability in your life is about 50%. That means one in two Canadians will experience a long-term disability in their lifetime. The younger you are, the greater the risk. This is because there are many more years ahead of you to work, and the risk of injury is much higher in younger years. If you do suffer from a disability that lasts longer than 90 days, the average time off work is 2.9 years! [...]
[...] Thе chance уου mіght suffer frοm a long-term disability іn у	…. Thаt means one іn two Canadians wіll experience a long-term disability іn thеіr lifetime. Thе younger уου аrе, thе greater thе risk. Thіѕ іѕ bесаυѕе thеrе аrе many more years ahead οf уου tο work, аnd thе risk οf injury іѕ much higher іn younger years. If уου dο suffer frοm a disability thаt lasts longer thаn 90 days, thе average time οff work іѕ 2.9 years! [...]
[...] me give you an example: with Disability Insurance there are three main variables to classify your risk; health (including smoking status and age), [...]