Compare & Buy Canada’s Best Disability Insurance Coverage
Disability Insurance = Paycheck Insurance
Your top priority should be your health – not worrying about debt collectors. If you end up with a disability, our Disability Insurance coverage options will cover your paycheck while you focus on getting better.
Compare disability insurance quotes online in minutes from Insurance Uncle and get the coverage you need.
Three Key Protections of Disability Insurance
Our disability insurance plans offer a range of options to choose from, including the Family Compassionate Care Rider.
Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) disability benefits are limited and may be more restrictive.
Types Of Disability Insurance Coverages
Mental Health Disability
How much does it cost?
Premiums will depend on how much coverage you need, as well as other factors like:
Can I make changes to my policy after getting it?
Don’t worry, it’s quite common to amend a disability insurance policy over the course of your life – since your coverage amount is tied to your job and salary.
In other cases, you may want to adjust your coverage amount as your needs change. For example, if your salary goes up, your expenses probably will, too—and you’ll want a higher insurance amount to make sure you’d still be able to cover them.
If you increase your coverage, you may need to provide proof of good health. However, you can avoid doing so if you include a future increase option when you purchase your policy.
How can I decide which disability plan is right
Your representative will thoroughly analyze your needs in order to determine the maximum amount of coverage you could be entitled to. You’ll also receive the best solution specifically for your situation.
You can choose the benefit period you need: anywhere from a few years to a period that will take you through to retirement.
How can disability insurance help my recovery?
Should You Opt For Disability Insurance?
Getting disability insurance guarantees that you and your family won’t face financial hardships if you can’t work because of a disability.
Who Provides Disability Insurance?
You may receive disability benefits from multiple sources, but these benefits are usually coordinated to ensure you do not receive benefits that are greater than your regular income.
You can get disability insurance from different sources, such as:
- Government plans – You may be eligible for benefits offered by the Canada Pension Plan or the Quebec Pension Plan.
- Special purpose plans – You may be eligible for benefits offered by a variety of plans, such as creditor’s insurance (mortgage or credit card protection).
- Group insurance plans – You may be eligible for benefits offered through an employer, union or association insurance plan.
- Individual insurance plans – You may sign up for an individual insurance plan and be eligible for benefits as long as you pay your monthly premium.
What’s covered by disability insurance?
Your Canadian disability insurance plan will cover a portion of your income lost in the chance that you are unable to work. The amount of coverage you get depends on your plan, provider, and monthly premium.
Does Canada’s Public Health Care Plan Cover Disability?
Canada’s public healthcare plan only covers loss of income due to disability under certain conditions.
For instance, you may be eligible for “Employment Insurance” under the plan, but that only covers 15 weeks of work lost due to illness or injury. There are additional programs available for veterans and children, but restrictions apply.
You need a disability insurance plan that covers you no matter what, for the length of time that you need. You can’t afford to put yourself or your family at risk of dwindling income or savings.
Insurdinary compiled these provincial plans to guide each Canadian like you about your respective provincial health care plan and the services / benefits that are covered and not covered by the plan.
How do I qualify for disability insurance?
To apply for disability insurance, sign up to get quotes sent straight to your inbox. Then, choose the plan that sounds best to you and follow the application process set by your chosen provider. Qualifications may vary.
How much does disability insurance cost?
The cost of disability insurance varies based on your plan. If you need full coverage, your monthly premium may be higher than partial coverage. Discuss your options with your insurance provider to find the plan and rate that works best for you.
How soon will I get my disability insurance quotes?
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