A father and son laugh and play together.

Who is this for?

Disability insurance is designed to help protect you and your family if you’re unable to work due to illness or injury and can no longer earn a regular income. It’s insurance you may need more than you think – in fact, research shows that an average of 1 in 3 people will be disabled for 90 days or more at least once before reaching age 65.*

At some point in your life, it’s possible you will be unable to work for a few weeks, months or even years. That could have an enormous impact on your financial situation and the lifestyles of those closest to you, including your spouse and children.

How will this help me?

If you’re unable to work due to a disability, after the waiting period is over you’ll receive a monthly payment. You can use this money to cover your ongoing expenses such as housing costs, utilities, car payments and groceries. This can help ensure you keep your plans on track to achieve your financial objectives.

In addition, because disability insurance can provide you with an income if you’re unable to work, you may be able to avoid using your retirement savings, allowing you to protect the nest egg you’ve worked so hard to build.

What else do I need to know?

Adding to disability insurance you may already have

If you’re employed, there’s a chance you have disability insurance through your employer. However, it may not meet all your needs. Individual disability insurance can give you more control and flexibility compared to the plan you have with your employer, and it could protect more of your income.

The choice is yours

Individual disability insurance coverage allows you to choose from a range of options to determine how long you’ll need to wait before receiving your payments, the portion of your income you’ll receive and how long you’ll receive payments for.

A Guide to Disability Insurance (PDF), CLHIA.

Connect with an advisor

Working with a financial security advisor can provide you with the tools and expertise you need to plan for the future.

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