It is said that about one in four of today’s 20-year-olds have a chance of becoming disabled sometime before they retire. It’s no wonder that more employers are looking into disability benefits, providing protection for those long-term employees, especially since you never know when these situations may arise. Having disability benefits can help minimalize the financial stress from an employee’s inability to make a living and while some people may have some savings; very few can actually afford to stop working altogether for an extended length of time.

What options are available to you?

We work with you to help you determine whether short or long term disability insurance would be most beneficial. Did you know that most people who have short term or long term disability coverage receive it through their employer benefit plan? 

  1. Short Term Disability
    • Everyday illnesses and/or injuries can interfere with your ability to work. Even a few weeks away from work can make it difficult to manage household costs. Short term disability coverage can pay upwards of 66.67% of your income, so you can focus on getting better, and worry less about keeping up with your bills.
    • As an employer, you would be eligible to receive a premium reduction on the EI premiums you pay
  2. Long Term Disability
    • Serious illnesses or accidents are never expected. They can interrupt your life, and your ability to work for months – even years. Long term disability can pay up to 66.67% of your income, so you have financial support to manage your disability and household.

I'm unable to work and have no disability benefits. What do I do?
If you or any of your employees have found themselves in a situation where you are unable to work, be sure to check the eligibility requirements for Canada’s Employment Insurance program temporary financial assistance. If you are employed with insurable employment, meet the eligibility requirements and have accumulated the required work hours during the qualifying period, you may be eligible for EI benefits. For more information on how to apply, or to find out whether you’re eligible for coverage, please visit the Government of Canada Employment Insurance Benefits page.