Disability Insurance

Affordable and effective!

Disability Insurance

Disability Insurance pays you directly in the event you are not able to work because of an illness or an unfortunate event, in case there’s an accident at work and you can’t work for months or even years.

Can you still earn a living while you’re not working?

Most people will simply run out of money without an income. That’s why einsured.ca offers outstanding Disability Insurance. It pays in the event you are in an accident at work or outside of work.

How often have you seen a co-worker injure their back and have to stay home for weeks or months?

Sometimes they are unable to return to work, or lose their job, and have to find another way to earn a living. It’s in these times that having reliable Disability Insurance in Canada can bring real peace of mind. Now you have the money to pay your rent or mortgage, buy food, and pay for your medical treatments. Having this money will allow you to fully recover and return to work.

Disability insurance distributed by einsured.ca in Canada can provide you with a guaranteed protection for your paycheck.

To find the most affordable Disability Insurance quote in Canada, you can speak with one of our insurance experts. We offer the most effective and convenient Disability Insurance policy in Canada that protects your well-being during disability and can support you financially through your rehabilitation.

Our Disability insurance advisor can help you select the right plan depending on your occupation, job, and risk factors. With an effective Disability Insurance policy from einsured.ca, you can safeguard your savings during your absence from work.

Definition of Disability insurance

In disability insurance, the terms “own occupation,” “any occupation,” and “regular occupation” refer to different definitions of disability, influencing when the insured is eligible to receive benefits. These definitions help determine the circumstances under which disability benefits will be paid.

Here's an explanation of each:

Own Occupation:

Definition: “Own occupation” means that the insured is considered disabled if they are unable to perform the duties of their own occupation—the job they were engaged in at the time the disability began.

Implications: This definition is more liberal and tends to be favorable for policyholders, as it acknowledges the specific skills and duties associated with their current occupation. Even if the insured is capable of working in a different field, they would still be eligible for benefits if unable to perform the duties of their own occupation.

Any Occupation:

Definition: “Any occupation” means that the insured is considered disabled if they cannot perform the duties of any occupation for which they are reasonably suited by education, training, or experience.

Implications: This definition is more restrictive and becomes relevant if the insured is capable of working in a different field, even if it’s not the same as their original occupation. It sets a higher threshold for eligibility and may lead to benefits being terminated if the insured can perform some other type of work.

Regular Occupation (or Regular Job):

Definition: “Regular occupation” is often used interchangeably with “own occupation.” It means that the insured is considered disabled if they cannot perform the duties of their regular or own occupation.

Implications: The distinction between “own occupation” and “regular occupation” may vary among policies, but in many cases, they essentially mean the same thing—benefits are paid if the insured cannot perform the duties of the job they were engaged in at the time the disability began.

When choosing a disability insurance policy, it’s crucial for individuals to understand and carefully review the definition of disability specified in the policy.

The definition can significantly impact the scope of coverage and the circumstances under which benefits will be paid. Policyholders should consider their specific occupation, skills, and the level of protection they desire when selecting the definition of disability that best suits their needs.

Basics of Disability insurance in Canada:

Disability insurance in Canada is designed to provide financial protection to individuals who are unable to work due to a disability or illness. This type of insurance helps replace a portion of the individual’s income, ensuring that they can meet their financial obligations even if they are unable to work. Here are the basics of Disability insurance in Canada:

Types of Disability Insurance:

Understanding the basics of disability insurance is essential for individuals looking to protect their income and financial well-being in the event of a disability. It’s recommended to carefully review policy terms, compare options, and consider consulting with an insurance advisor at einsured.ca to tailor coverage to specific needs and circumstances.

Consequences of not buying disability insurance in Canada

If you do not buy disability insurance in Canada and you become unable to work due to a disability or illness, you may face significant financial challenges.

Here are some potential consequences of not having disability insurance:

Loss of Income:

Financial Strain:

Depletion of Savings:

Accumulation of Debt:

Impact on Retirement Savings:

Limited Access to Healthcare:

Strain on Relationships:

Potential for Bankruptcy:

Reduced Quality of Life:

Limited Future Income Replacement:

To mitigate these risks, individuals are encouraged to consider disability insurance as part of their financial planning.

Disability insurance provides a financial safety net by replacing a portion of lost income in the event of a disability, helping individuals and their families maintain financial stability during challenging times.

Our Impact by the Numbers

Clients Served
0 +
Policies Sold
0 +
Total Coverage Sold
$ 0 million +
Join the thousands who have secured their financial future with einsured.ca. Explore our comprehensive world of disability insurance, where expertise, empathy, and innovation converge for your security.

Discover Unrivaled Excellence in Disability Insurance with einsured.ca

Welcome to einsured.ca – Your Ultimate Destination for Disability Insurance in Canada.

Here's why we stand out as the best brokerage, backed by numbers that speak volumes about our commitment to financial security.

Related Blogs

Welcome to einsured.ca

Instant Quotes available at your fingertips.
Find your price now!