Disability Insurance|Short Term Disability|Long Term Disability|Disabiity Statistics

	Disability Insurance

Your earning potential might be your biggest asset. If you do not have disability Insurance through your employer,, you can get coverage that will follow you even if you change jobs or become self-employed. Most coverage is around the clock whereas workers compensation (WCB) in for on the job injury only.

For those that have employment Insurance,, there is a minimal benefit for the first 120 (4 months) of disability so you may want to extend that coverage for up to 2, 5 or 10 years of until age 65. You premiums will stay the same unlike group Insurance and you can have your benefits increase with inflation.

Some Individual Disability Plan options are:

Partial Return of Premium - return a portion of your premium every 8 years.
Partial Disability Benefit - In case you are not fully disabled.
COLA - Cost of living adjuster.
Own Occupation - Extends the definition of you policy from 2 to 5 years

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Consider the following...

If you are 35, your risk of experiencing a 3 month disability or longer before the age of 65 is 50% with an average length of 2.9 years. 1 in 8 or people become disabled every year. A 35 year old Canadian has a 1 in 15 chance of dying before age 65. Every year, 1 in 106 people die, 22% of the disabled population in under 65