Long Term Disability
Long-term disability insurance is a core benefit. It is typically integrated with our Short-term Disability protection, but can be coordinated with Employment Insurance or a sick leave plan.
What is Long Term Disability?
Long Term Disability is paycheque protection when you can’t work due to illness or injury.
How does it work?
If you’re unable to work, you will receive a monthly payment to help replace your income and cover your expenses.
A disability can be visible to the naked eye, or not at all. Chronic pain or mental health issues are also qualifying disabilities
Why do you need Long Term Disability insurance?
The ability to earn an income is your most valuable asset. When you’re unable to work, due to illness or injury, recovery becomes your first priority. With Long Term Disability insurance you’ll be able to replace your monthly income, so you can focus on getting healthy.
For how long is Long Term Disability coverage valid?
The maximum benefit period for Long Term Disability can be 2 years, 5 years or to age 65. Coverage terminates at the age of 65 or earlier retirement.
If you couldn’t work anymore how would you cover your monthly expenses?