Disability Income Protection Insurance in Canada
Unforeseen Sickness, Unwavering Support
Safeguarding Your Income with Disability Income Protection Insurance
Disability Income Protection Insurance in Canada: In the journey of life, we often strive to secure our future, our dreams, and our loved ones. Yet, amidst this pursuit, we encounter unexpected detours – sicknesses that can abruptly derail our plans and threaten our financial stability. Imagine a scenario where illness leaves you unable to work, bills piling up, and your paycheck vanishing. This is where our Disability Income Protection Insurance, named Income Essentials Sickness (IES) Plan, steps in as your steadfast partner, offering not just immediate relief but also the promise of a secure tomorrow.
The Problem: Your Income at Risk
Life’s Uncertainties and the Financial Fallout
Life is unpredictable, and sickness can strike anyone at any time. Your ability to earn an income is your most significant asset, and safeguarding it is paramount.
The Agitation: Financial Stress During Sickness
The Burden of Medical Costs and Lost Income
No one plans on getting sick, and for some of us, missing even a day or two of work can lead to financial distress. The extra protection from disability insurance works to safeguard your income, ensuring you have the support you need when you need it most.
The Solution: Income Essentials Sickness Plan
Immediate Relief When You Need It Most
Introducing the Income Essentials Sickness Plan – your shield against financial instability during sickness.
A Story of Resilience: Meet Sarah
Real-Life Challenges, Real-Life Solutions
Meet Sarah, a hardworking mother of two in Canada. She never imagined that a sudden illness would leave her unable to work. As the medical bills piled up and the mortgage payment loomed, Sarah faced a daunting challenge – how to provide for her family during her illness.
The Solution in Action: Sarah’s Lifeline
Immediate Support and Peace of Mind
Then Sarah discovered the Income Essentials Sickness Plan. This comprehensive plan offers a lifeline during sickness, paying up to $2,000 a month from the very first day she couldn’t work. With this immediate cash infusion, Sarah no longer had to worry about her financial commitments.
Why Choose Disability Income Protection Insurance (IES)?
Your Path to Financial Security
Financial Security for All
Mission: Ensuring Financial Security
Our mission is to ensure that financial security is within everyone’s reach. With our Disability Income Protection Insurance, you’ll have a financial safety net when sickness strikes, ensuring your income remains stable.
Extensive Sickness Coverage
We provide coverage for a wide range of sicknesses, including cancer, kidney stones, multiple sclerosis, stroke, pneumonia, Crohn’s disease, heart attack, pregnancy complications, arthritis, and appendicitis. Your health and well-being are our top priorities.
Total Disability Benefit
Support When You Can’t Work
Should your sickness result in total disability, our policy offers monthly cash benefits of up to $2,000 for up to 6 months. What’s even more compelling is that this benefit grows over time, providing increased support as the years pass.
Partial Disability Assurance
If you experience partial disability due to sickness for up to 30 days, our policy ensures you receive up to $2,000 per sickness. We understand that recovery can be a gradual process, and we’re here to assist you every step of the way.
Return to Work Confidence
Our Return to Work benefit provides additional support by offering up to $1,000 per month for a maximum of 30 days if you’re partially disabled following total disability. Your successful return to work is our priority.
Cash Benefits in Addition to Other Coverage
Complementing Your Protection
Our policy pays you cash directly, complementing any benefits you may receive from other insurance policies, workers’ compensation, or government employment insurance programs.
Premium Cash Back
Rewards for Commitment
As an added incentive for your commitment, depending on your benefit selection, you may be eligible for 50% or 100% cash back on premiums after maintaining continuous coverage for 20 years.
FAQs – Your Questions Answered
Clearing Your Doubts
How is the monthly benefit amount determined for Disability Income Protection Insurance in Canada?
The monthly benefit amount is calculated based on your annual gross income if you’re currently employed.
What is the maximum benefit period for Total Disability, and does it increase over time?
The benefit period can extend up to 24 months, with the potential for growth as your policy remains in force. After 18 years, it reaches the maximum of 24 months.
Does the policy cover partial disability following Total Disability?
Yes, our policy includes coverage for partial disability for up to 30 days under the Return to Work benefit.
Can I receive cash back on premiums after 20 consecutive years?
Absolutely! Depending on your benefit selection, you may be eligible for 50% or 100% cash back on premiums after maintaining coverage for 20 consecutive years.
Is Income Essentials Sickness Insurance guaranteed renewable? (Disability Income Protection Insurance)
Yes, rest assured that the policy is guaranteed renewable until age 75, ensuring continuous protection without the risk of cancellation due to the number of claims filed.
How You Can Benefit
Your Path to Financial Freedom
Immediate Financial Relief
Our policy pays cash directly to you when you need it most, ensuring that your financial stability remains intact.
Complementary Coverage (Disability Income Protection Insurance)
Enhancing Your Protection
This policy complements any existing coverage you may have, offering an added layer of financial security.
Investment in Your Future
Enjoy up to six (6) full months of coverage, with the potential to extend up to 24 months. Your policy is an investment in long-term financial well-being.
Protection Within Reach
We offer affordable protection that helps you take care of yourself and your family during challenging times.
Peace of Mind Guaranteed
Your policy is guaranteed renewable until age 75, giving you peace of mind knowing your protection won’t be canceled due to claims.
Take Action Today
Your Journey to Financial Security Starts Now
Request a Quote
Tailored to Your Needs
Get a personalized quote that aligns with your financial needs and objectives.
Secure Your Future
Invest in Financial Security
Invest in your financial security today with Income Essentials Sickness Protection Plan
Peace of Mind
Focus on Your Well-being
Gain the peace of mind you deserve, knowing that you and your loved ones are protected during life’s unexpected challenges.
Trust Our Legacy
A Legacy of Trust
Join generations of satisfied customers who have entrusted us with their financial security since 1922.
Your financial future is too important to leave to chance. Contact us today and experience the difference that Disability Income Protection Insurance can make in your life.
What is the Income Essentials Sickness Plan? (Disability Income Protection Insurance)
The Income Essentials Sickness Plan is an insurance policy that provides cash benefits directly to you when you’re unable to work due to sickness, helping you maintain financial stability during challenging times.
How does the plan define “sickness”? (Disability Income Protection Insurance)
The plan covers a wide range of sicknesses, including but not limited to cancer, kidney stones, multiple sclerosis, stroke, pneumonia, Crohn’s disease, heart attack, pregnancy complications, arthritis, and appendicitis.
When does the plan start providing benefits for sickness-related disability? (Disability Income Protection Insurance)
The plan starts providing benefits from the very first day you’re unable to work due to sickness.
Is there coverage for partial disability due to sickness?
Yes, the plan offers coverage for partial disability caused by sickness. It pays up to $2,000 a month for a maximum of 30 days in such cases.
What is the Return to Work benefit, and how does it work?
The Return to Work benefit provides support if you’re still unable to work full-time after experiencing total disability due to sickness. It pays up to $1,000 a month for a maximum of 30 days to aid your transition back to work.
Are there any exclusions for benefits under the Income Essentials Sickness Plan? (Disability Income Protection Insurance)
Exclusions may apply, including losses resulting from accidents, pre-existing conditions (unless the loss caused by the pre-existing condition begins after 24 months from the issue date), war or acts of war, mental illness or substance use disorder, normal pregnancy and childbirth, and cosmetic or elective surgery.
Can I receive cash back on premiums after a certain period of time?
Depending on your benefit selection, you may be eligible for 50% or 100% cash back on premiums after the policy and this rider are in force for 20 consecutive years.
Is there an age limit for the Guaranteed Renewable feature?
The policy is Guaranteed Renewable until age 75, ensuring that your coverage continues, and your policy won’t be canceled due to the number of claims you file.
How can I use the cash benefits provided by the plan?
The cash benefits are paid directly to you, giving you the flexibility to use the funds as needed. You can cover expenses such as loss of income, mortgage or rent, loan payments, children’s education, groceries, utilities, and unpaid medical bills.
Is the Income Essentials Sickness Plan available in Canada?
Yes, the plan is available in Canada, offering residents a vital safety net to protect their income and financial well-being during sickness-related challenges.