Disability Insurance

Disability Insurance

Keep Moving Even If Your Paycheque Stops

No matter how healthy you are, certain incidents and diseases like cancer, heart disease, and stroke can cause disabilities and you can be on bed for the rest of your life.
The disability of a breadwinner is a devastating event that impacts both the victim and their family emotionally, physically, and financially as they lose part of their income and get burdened with disability costs. When you’re concerned about how you’ll support yourself if you become disabled due to sickness or injury, disability insurance can help. While most individuals are aware of the importance of life insurance, many are unaware of the importance of disability insurance. Consider what happens if you can’t work after a car accident, or if you’re urged to “take it easy” after a heart attack, or if you’re suffering from the terrible side effects of chemotherapy treatment. Your income stops if you can’t work, but your bills don’t. You will receive a monthly payment from your disability coverage to help manage living expenses and maintain your lifestyle. It is a comfort to know you are covered.

Say No To Financial Worries

We at iSmart Insurance can help you secure a portion of your money if anything unforeseen happens that prevents you from working. Disability Insurance pays you an amount if you’re not able to work because of an illness or accident. Group disability insurance is a benefit that you can receive from your employer. Individual disability insurance is an option that you can obtain independently. Generally, there are two options when it comes to disability insurance – short-term and long-term. Individual disability insurance is usually for a long period of time. Companies rarely offer short-term disability insurance. We will get coverage to you from the best insurance companies in Canada.

Disability Insurance

You should have long-term disability insurance if you and your dependents are dependent on your salary to survive.


It is vital to have disability insurance as part of a sound financial strategy because it insures you against long-term disability resulting from an accident or illness. A portion of your income is replaced, meaning you don’t accumulate crippling debt or declare bankruptcy.


The following are the benefits of individual disability insurance:


Your family is covered by life insurance in case you pass away. Still, disability insurance makes sure your family is not left without an income if you get injured. Disability insurance can help you feel more secure. If you become disabled, it helps protect your assets, such as your family home, savings account, and retirement fund. When you pay the premiums over the course of your working years, your policy remains in force.

Disability insurance premiums and benefits are greatly affected by your occupation. The insurance provider will assign you to a job classification based on the following factors:


  • Your job duties and responsibilities.
  • Work environment.
  • Income.
  • Stability.
  • Dual occupations.
  • Your current health status.

Insurance companies offer different benefit terms, but they are generally two, five, or until age 65, 67, or 70. It is most common to choose long-term disability coverage, which pays benefits until a person’s disability ends or they retire. Long-term disability insurance is generally tax-free since it is an individual policy.


In most cases, your employer provides you with disability insurance. In such a case, if your employer pays the premiums for your disability insurance and deducts the cost of your disability benefits, you will have to pay the tax.

“Offered under Experior Financial Group by Insure Smart Financial Ltd.”

“All Life & Accident sickness products sold by Insure Smart Financial Ltd under license from Experior Financial Group.”

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