Disability Insurance

Disability insurance can provide you with financial security by replacing a portion of your earnings when an accident or illness causes you to become disabled and unable to work or earn an income.

Accidents and illnesses are a fact of life. They could happen to anyone at any time. Did you know that

• 1 in 3 people, on average, will be disabled for 90 days or longer at least once before age 65.
• The average length of a disability that lasts over 90 days is 2.9 years.

Both personal and business disability insurance solutions are available that offer flexibility and features to help bridge the gap between income and expenses during a disability.

Personal Products

Whether you’re a professional, business owner, executive or employee, your financial advisor can tailor a plan to help meet your needs.

Our disability needs calculator can help you identify the income you need to maintain your current standard of living if you can’t work because of a disability.

Business Products

As a business owner, you want to protect both your independence and profitability. We offer several types of insurance for business owners to reimburse certain business expenses, fund a buy-sell agreement or help hire a replacement for a disabled employee.

Our business expense calculator can help you determine the monthly business expenses you need to cover to maintain profitability if you are disabled.

Source: Compiled by Canada Life based upon CIA 86-92 Aggregate Table & 1985 Commissioner’s Disability Table A (Experience Table)