Living Benefits

1 in 3 Canadians Will Become Disabled Before the Age of 65

May 2, 2022blog, disability, Disability Insurance

Having a source to replace your earned income in the event of an illness or accident is vital considering that on average, 1 in 3 Canadians will become disabled for a period of more than 90 days at least once before the age of 65. For those that are disabled for more than 90 days the average length of that disability is 2.9 years.

If you are one of the approximately 10 million Canadians covered under a group Long Term Disability plan (LTD) it’s important to understand what your coverage provides. Don’t wait until after you’re disabled to read the employee handbook because you could have a few surprises!

Disability Insurance and Small Business: How a Small Business Owner Used Disability Insurance to Stay Afloat While Managing Depression

May 3, 2021blog, Business Owners, corporate, disability, Disability Insurance, Family

Sandra ran her own successful insurance agency company for over a decade before it hit her like a ton of bricks – she was chronically depressed and something had to change.

Triggered by a combination of constant stress leading to severe burnout and her 12-year-old son’s recent diagnosis with Type 1 diabetes, Sandra needed some time away from the office to recover and receive treatment. Her depression was absolutely debilitating and could have been devastating to her business and income.

Luckily, Sandra, whose name has been changed to protect her privacy, had purchased two disability insurance policies eight years prior that would help her through such a turbulent time. Sandra worked in the insurance industry and had seen just how important it was to protect yourself from a loss of income in case of a debilitating illness or disease.

Recover Your Long Term Care Costs

September 2, 2018Life Insurance, Long Term Care

Statistics Canada states that over 350,000 Canadians 65 or older and 30% of those older than 85 will reside in long term care facilities. With increasing poor health and decreased return on investments, the fear of facing financial instability in your declining years is real.

1 in 3 Canadians Will Become Disabled Before the Age of 65

October 8, 2015Employee Benefits Program, Living BenefitsLiving Benefits

What you need to know about your Group Long Term Disability Having a source to replace your earned income in the event of an illness or accident is vital considering that on average, 1 in 3 Canadians will become disabled…

Recover Your Long Term Care Costs

July 18, 2015Living Benefits, Long Term Care

Will your family be affected by the costs of caring for an aging loved one? Statistics Canada states that over 350,000 Canadians 65 or older and 30% of those older than 85 will reside in long term care facilities. With…

Critical Illness – Are You Protected?

May 18, 2015Critical Illness Insurance, Living Benefits

Why a Doctor Invented Critical Illness Insurance Critical Illness insurance was invented by Dr. Marius Barnard. Marius assisted his brother Dr. Christiaan Barnard in performing the first successful heart transplant in 1967 in South Africa. Through his years of dealing…

1 in 3 Canadians Will Become Disabled Before the Age of 65

August 5, 2014Disability Insurance, Employee Benefits Program

What You Need to Know About Your Group Long Term Disability Having a source to replace your earned income in the event of an illness or accident is vital considering that on average 1 in 3 Canadians will become disabled…

Cancer Guard

July 14, 2014Critical Illness Insurance, Living Benefits

Have you had a difficult time qualifying for Critical Illness insurance, or feel you can’t work the premium into your budget? If so, there is an alternative you should consider. IA Excellence recently introduced an important product available to Canadians…

Critical Illness for Juveniles

March 18, 2014Critical Illness Insurance, Living Benefits

Many people recognize the need for Critical Illness insurance to protect them from the financial risk that could result if diagnosed with a life threatening illness. Although a difficult subject to think about, children should also be protected from this…

How Much Risk Can You Tolerate? Part 3 of 3

September 24, 2013Estate Planning, Investing, Living Benefits

Over the past two months we have examined some of the risks that challenge most of us. It is almost impossible to avoid risk entirely. Knowing where the pitfalls lie and planning for them will certainly help. You might, however,…

Category: Living Benefits

1 in 3 Canadians Will Become Disabled Before the Age of 65

Disability Insurance and Small Business: How a Small Business Owner Used Disability Insurance to Stay Afloat While Managing Depression

Recover Your Long Term Care Costs

1 in 3 Canadians Will Become Disabled Before the Age of 65

Recover Your Long Term Care Costs

Critical Illness – Are You Protected?

1 in 3 Canadians Will Become Disabled Before the Age of 65

Cancer Guard

Critical Illness for Juveniles

How Much Risk Can You Tolerate? Part 3 of 3

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