Disability Insurance

Safeguard Your Most Valuable Asset - Your Ability to Earn.

Disability insurance protects your dependents and your lifestyle

Disability insurance provides you with continued income when an accident or illness causes you to be disabled and unable to work or earn an income.

The chances of you being disabled for more than 90 days at some point in your life may be much higher than you expect. Your provincial health plan can help with the medical bills, but you need disability insurance to replace the lost income.

Benefits of Insurance

  • Most insurance products offer creditor protection
  • Can protect your family against sudden loss
  • Provides an important part of your estate planning

Here’s Where We Can Help!

Our professional financial advisors will prepare an analysis to first help you determine your insurance needs. Then, we help you decide on the protection that is best for you.

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Related Information

  • Disability Insurance FAQ

    Frequently Asked Questions About Disability Insurance

    In this FAQ, we answer the most common questions asked about disability insurance. If you have any specific questions, send us an email and we would be pleased to help.

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    Why do you need to have disability insurance?

    Disability insurance provides an income if you are no longer able to work. If you become disabled, most of your expenses will still exist. Mortgage payments, car payments, household expenses; they all have to be paid. In fact, you may find you have extra costs, such as drugs, medical care or perhaps special requirements. Disability can be very expensive.

    How much disability insurance do you need?

    Typically, the amount of disability income insurance required is about 60% of your salary. With most disability insurance providing a tax-free benefit, 60% represents close to full replacement of your current earned income. Insurance carriers will, of course, impose a maximum limit of coverage so as not to reward you for staying off the job.

    I have disability insurance from my employer benefits plan, is that enough coverage?

    Generally speaking, group disability insurance policies will impose more limitations and include exclusions to coverage. It’s recommended that you review your group disability insurance to identify any limitations and consider personal coverage to complement any shortfalls.

  • Insurance Companies Represented

    Through GP Capital Insurance Agency Ltd., we offer a wide variety of insurance products from 15 leading insurance companies to satisfy individuals, families and business owners. With every new stage of life comes a need to review your insurance plan.

    Life Insurance Companies Represented

    ASSUMPTION LIFEHUNTER MCCORQUODALE
    BLUE CROSSINDUSTRIAL ALLIANCE INSURANCE
    BMO INSURANCEHumania Assurance
    Canada LifeManulife Financial
    DESJARDINS FINANCIAL SECURITYRBC Insurance
    EMPIRE LIFESun Life Financial
    Equitable LifeIVARI
    FORESTER LIFE

    Segregated Funds Represented

    Invesco Segregated FundsGreat West Life Assurance Co.
    CI Segregated FundsMackenzie Segregated Funds
    Canada LifeStandard Life
    Empire LifeTD Guaranteed Funds

    If you have any questions about purchasing disability insurance, send us an email and we would be pleased to help.

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Important Information

GP Wealth Management offers insurance products through GP Capital Insurance Agency Ltd.

Investor Protection

Insurance products provided by GP Capital Insurance Agency are covered by Assuris.

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