Start with the income that must be replaced
Review monthly personal obligations, existing group coverage, emergency savings and how long the household could operate without earned income.
Disability income insurance
Disability insurance to help protect your income
Consider how your household and business would manage if illness or injury prevented you from working. Compare definitions of disability, waiting periods, benefit duration, exclusions and available coverage.
Guidance from Ramandeep Singh in Brampton, serving Ontario and New Brunswick. Coverage and product availability depend on eligibility and province.
Where planning can help
Protect what matters. Keep your next chapter in view.
- Savings may cover only a short interruption in income.
- Self-employed people may have no employer disability plan.
- A workplace plan may have benefit limits, taxable benefits or restrictive definitions.
- Business and household expenses can continue even when work stops.
Read the disability definition carefully
Own-occupation, regular-occupation and any-occupation wording can produce different outcomes. Duties, income and professional specialty may all matter.
Compare the waiting and benefit periods
A longer waiting period may lower the premium but requires more emergency savings. The benefit period determines how long an eligible claim may continue.
Consider business expenses separately
Personal disability coverage protects personal income. Business overhead expense coverage may address eligible fixed business expenses and should be reviewed separately.
Common questions
Answers to help you plan
Can I get disability insurance if I am self-employed?
Individual coverage may be available, depending on your occupation, health, income evidence and the insurer's rules. Review the definition of disability, waiting period, benefit duration and how fluctuating earnings affect the amount you can insure.
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