Disability Insurance in Canada
1 in 3 Canadians
How would a disability affect your ability to earn an income? Statistics but a new study for RBC says that one-in-three working Canadians will experience a period of disability lasting longer than 90 days during their working lives. It also suggests nearly half of Canadians underestimate how frequently disability actually occurs.
In reality, 62% of Canadian workers have been exposed to someone having taken time off of work due to a disability, with 25% having had taken this time themselves.
Even a temporary disability could affect your ability to work and take home a paycheque.
Disability Insurance is a secure way to protect your families lifestyle from the risk of an injury. The insurance is based on your currant level of income, and up to 70% of your gross income can be replaced. Waiting periods are often 30, 60 or 119 days.
Do you need Life, Critical Illness, and Disability Insurance?
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