Some Plan Details
- Plans from $10,000-$2,000,000
- Simplified Application Process
- 100% TAX FREE Benefits
- Discount for Non-Smokers
- Once accepted your coverage can never be cancelled due to changes in health for the life of policy
Licensed experienced brokers with designations like RHU,CLU,CFP
Disability Insurance - Lifestyle Protection Plan
The Lifestyle Protection Plan is a personal disability insurance policy that can provide you with a monthly benefit during a total disability. Once the policy is issued, it can't be cancelled or modified and the premium can't be raised before you turn age 65 — as long as you pay the premium when it's due. After age 65, modified coverage may continue on an annually renewable basis as long as you continue to work full-time.
Optional Riders:
Return of Premium (50%) Rider
Reduces the long-term cost of disability coverage if you stay healthy. This rider returns up to 50% of the yearly eligible premium paid or waived under your policy if you have had minimal or no claims after 7 years and are not disabled (and every 7 years thereafter). The amount of the return will be reduced by any disability benefits paid or eligible premium waived or refunded.
Own Occupation Rider
Provides a total disability benefit if you are unable to practice your chosen profession due directly to injury or sickness, even if you begin working again in a new career.
Cost of Living (maximum 3% or 8% per year) Riders
Helps reduce the impact of inflation by providing yearly adjustments to the monthly disability benefit while you are on a claim.
Catch-Up Rider
Provides a lump sum payment equal to the amount not paid during the waiting period of the policy should you become totally disabled for a period of at least 180 consecutive days. This coverage is designed to help you financially "catch-up" from the impact of a disability.
Health Care Profession Rider
Provides a monthly disability benefit if you contract HIV, Hepatitis B or Hepatitis C and legislation or regulations prohibit you from performing the substantial duties of your occupation.
Sale of Business Facilitator Rider
For business owners, if you must sell your interest in the business because of a disability, this rider helps reimburse legal and accounting costs.
And many more riders available - discuss your unique needs with our licensed advisor.
If you have further questions please contact Canada Insurance Plan.
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Who Should Consider Disability Income Insurance?
A fee-for-service, self-employed professional
Doctors
Specialist Physicians
Medical Practioners
Registered Nurses
Psychologists
Dentist
Dental Hygienists & Dental Therapists
Pharmacist
Engineers
Structure Engineers
Architects
An executive
A business owner
An employee
Norman & Cindy, London ON
William & Dorothy, Sarnia ON
Richard & Shelly, Toronto ON
