Disability insurance can protect you in the event you are unable to work for a period of time. There are a number of options to consider when designing a disability policy:

	existing coverage: are you covered by another program? The total benefits received from all sources are capped and an individual program has to take into account any other benefits that may apply.
	benefit amount: how much money you need on a monthly basis? Keep in mind the benefit is received tax-free and is limited to 60%-70% of your regular before tax income.
	waiting period: how long until the benefit kick-in? You can reduce your premium by selecting a longer period.
	length of benefits: for how long will the insurance pay? There are options for 2 years, 5, years or up to age 65.
	definition of disability: will you be eligible for benefits if you can't work in your own profession or only if you can't work in any occupation? Will a partial disability entitle you partial benefits?
	cause of disability: are you covered for disability after a work related accident only, any accidents or all causes, including illness?
	additional features: hospitalization benefits, rehabilitation and retraining benefits, future insurability and cost of living adjustments, etc.

Finding the right balance between costs and needs depends on your circumstances, your risk tolerance and your financial objectives.

As licensed brokers we have access to a wide range of products that can meet your needs. Please contact us to request more information.