Salary insurance

Why take out disability income insurance?

Long-term disability can have devastating consequences. Your salary is the basis of your financial situation. In the event of an accident or serious illness that prevents you from working, how would you replace that money? Many will say they can use their savings or investments, but if you save a certain percentage of your salary each year, as little as a few months of disability could deprive you of 5 years of retirement. Also, if it's an RRSP, there will be tax at source.

So, being prepared for a work stoppage will give you peace of mind and the financial security.
A common misconception is that salary insurance is only for the self-employed, business owners or anyone who doesn't have access to government employment insurance. Think again: this type of product can be very useful for employees who don't have group insurance.

Get salary insurance now!

Salary insurance is not as expensive as you might think. There are many criteria to consider, and it is these criteria that will determine the cost, such as :

• age
• sex
• smoking or non-smoking status
• the benefit amount
• the waiting period

Features of salary insurance :

• Disability in the event of accident and illness, or disability in the event of accident only
• Services between 500$ and 4000$/month
• Compensation period between 2 years and 65 years of age
• Elimination periods - 0 to 120 days and 0 days in the event of accident.
• Total and partial disability
• Benefit for total loss of autonomy
• Waiver of premiums
• Non-integrated and uncoordinated services
• No restrictions or exclusions for soft tissue injuries
• No restrictions for mental or nervous disorders
• Benefits guaranteed at the time of the claim
• The professional category is guaranteed