Insurance Planning: Disability Insurance

Protect your greatest asset- your income!

Provides you with an ongoing income (usually tax free) in the event of sickness or accident.

We can help you design a disability plan that will satisfy your needs. Some of the factors include:

1. Monthly Benefit

This is the monthly income you would receive from an insurance company. Usually the company will insure up to 66.67% of your monthly income. For example, if you earn $30,000 per year, the insurer will provide you with an income of $1666 per month.

2. Elimination Period

Sometimes called the "waiting period", this is the period of time that must expire before the insurance company will consider you as being disabled. Generally speaking, the longer the "waiting period", the lower the premiums. Waiting periods can be 14, 30, 60, 90, 120, or 180 days in length.

3. Benefit Period

Simply the length of time that the insurance company will pay the benefits. Typical benefit periods are for 2 yrs, 5 yrs or to age 65

Currently for disability insurance plans, we use the following carriers:

For additional information,visit www.gwl.ca

To learn more about protecting your income against an accident or sickness, call or email us today!