top of page

DISABILITY INSURANCE

Most people recognize the need for life insurance, but many don't understand the need for disability insurance.  When you are disabled because of an injury, your income stops - but your bills don't.  An average of 1 in 3 people will be disabled for 90 days or more at least once before they reach age 65 and can last for months or even years.

Types of Disability Insurance

Individual Plans

An individual plans can give you the most comprehensive and flexible coverage available because it can be tailored to your needs.  

There are three types of individual disibility plans:

1.   Noncancellable

     A non-cancellable plan cannot be cancelled and the price cannot be increased during the period of time set out in the contract.        This can also be called non-cancellable guaranteed renewable.

2.  Guaranteed renewable

     This insurance company must renew the policy bit it can raise the premiums for everyone in a certain class r category.  The              cannot raise individual premiums.

3.  Commercial

     On the anniversary of the contract, the insurance company can refuse to renew the policy, or the can charge more because of          any previous claims you have had.

Group Insurance Plans

A group plan through a place of employment provides different levels of coverage.

1.   Sick leave

     If you are sick or injured, you will receive full pay for a short period of time.

2.  Short term disability (STD)

     This coverage begins when your sick leave runs out.  Most STD plans pay a percentage of normal earnings for a certain length of      time.

3.  Long term disability (LTD)

     This coverage begins when your short term disability or EI benefits run out.  The goal is to replace 60 - 70 percent of your                normal income to a maximum.  

​

CWMI.png
Unknown.jpg

REGULATED BY MUTUAL FUND DEALERS

ASOCIATION OF CANADA

​

metis-nation-of-ontario.jpeg

Mutual Fund Disclosure:

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and/or fund facts before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. 
Insurance Disclosure:

Subject to any applicable death and maturity guarantee, any part of the premium or other amount that is allocated to a segregated fund is invested at the risk of the contract holder and may increase or decrease in value according to fluctuations in the market value of the assets in the segregated fund. A nominee account is one in which an investment is held in trust for an individual by a corporation or entity other than the individual. A segregated fund policy held within a self-directed plan is one example of investing in a nominee account. A segregated fund held in a nominee account may not offer creditor protection. Please read your Information Folder carefully and seek professional advice before investing. Commissions, trailing commissions, management fees and expenses may be associated your insurance contract. 
*Insurance products and services provided through Carte Risk Management Inc., Carte Financial Services Inc., Custom Benefits Inc., Financial Horizons, and Great West Life. 
**Mutual funds provided through Carte Wealth Management Inc.

Copyright 2019 © Blue Harbour Financial Inc.

bottom of page