FAQ - Disability insurance

Because if you’re like most people, you have monthly bills to pay! Think about your:

• Mortgage/rent
• Groceries
• Car payments
• Personal loan or other debt payments
• Childcare expenses or tuition fees
• Utilities, phone, etc.

What would happen if you were unable to work? That’s where disability insurance comes in. It provides an income replacement so that you’re able to stay on top of your everyday expenses.

Disability is more common than you might think. People often have to take time off work due to an accident or illness, or for problems like stress, fatigue or back pain.

If you have group insurance through your employer, you may not need individual disability insurance. Meet with a representative Open in a new window.

to make sure you have enough disability coverage.

Disability insurance is designed to be sold via a representative. They have the knowledge and expertise to properly assess your needs and recommend the right product for your situation. Meet with a representative Open in a new window.

today!

Premiums will depend on how much coverage you need, as well as other factors like:

• Your job
• Your age
• Your sex
• Your smoking status
• Your health
• The monthly benefit amount you choose

There’s a variety of solutions to protect your income, even if you have a high-risk job or work part time or from home. Meet with a representative Open in a new window.

to find out what kind of options are available for your personal situation.

Your representative will analyze your needs, determine the maximum amount of coverage you can get, and recommend the best solution for your situation. You can choose the benefit period you need: anywhere from a few years to a period that will take you through to retirement.

Just like you’d have a hard time buying home insurance while your house was on fire, your eligibility for disability insurance depends on your health. Are you in good health right now? Then it’s the best time to apply for coverage! Plus, the younger you are, the more affordable the premiums.

Meet with a representative Open in a new window.

to find out more about health requirements for disability insurance.

Depending on your income and what kind of job you have, your representative can find you a solution that would pay a non-taxable monthly benefit of between $400 and $10,000.

You can also choose your benefit period: anywhere from a few years to a period that will take you through to retirement.

Meet with a representative Open in a new window.

to do a financial needs analysis and figure out how much coverage you need

It’s quite common to amend a disability insurance policy over the course of your life, since your coverage amount is tied to your job and salary. Plus, you may want to adjust your coverage amount as your needs change. For example, if your salary goes up, your expenses probably will, too—and you’ll want a higher insurance amount to make sure you’d still be able to cover them.

If you increase your coverage, you may need to provide proof of good health. However, you can avoid doing so if you include a future increase option when you purchase your policy. Talk to your representative about it today!

• You’ll need to fill out a claim form. This form includes a section asking you to provide your consent for Desjardins to collect and communicate your personal information if we need to obtain medical information from a doctor or hospital.
• Your attending physician will also need to fill out a claim form and provide documentation about your disability.