Disability Insurance provides a monthly income, if you become disabled due to an injury or illness, and are unable to work. Disability Insurance helps you meet your financial obligations and cover the cost of expensive treatments not otherwise covered by basic medical insurance plans. If you become disabled, your ability to earn income may be compromised, and your ability to pay bills or save for retirement may decline. Disability insurance plans are designed to help you meet your income requirements so you can concentrate on recovering from your disability and return to an active lifestyle. This type of coverage is crucial for self employed individuals and people who do not have disability insurance through their employer.
Benefits of Canadian Disability Insurance:
- Simple and affordable way to provide an income in case of injury or illness.
- Cover the cost of expensive treatments not otherwise covered by basic medical insurance plans.