DISABILITY INSURANCE THROUGH GROUP PLAN

The problem with disability coverage through group plans is the coverage limit. For example, OMA (Ontario Medical Association) currently covers $15,000 per month. An income of over $570,000 is not covered. The solution is to consider coverage that will go higher.

You can get the following: Own Occupation Rider; Residual Disability Rider; Partial disability; Helping to protect against inflation; Future Insurability Option Rider.

Sale of Business Facilitator Rider

If you must sell your business due to a disability, this will help with costs such as legal fees, accounting etc.

Can you make over 10 per cent on your money in today's market?

Consider the Return of Premium (50 per cent) Rider. This rider returns up to 50 per cent of the yearly eligible premium paid or waived under your policy if you have had minimal or no claims after 7 years, and every 7 years thereafter.

There are many other features you can add to this rider to make the coverage more cost effective. For an example, a waiting period of up to 720 days can be added.

Please contact me for more detail!


Brian Poncelet, CFP
(905) 338-7689 (24hrs)
brian@Disability Insurance Quotes

***Owing to limited resources and time commitment, only people with family incomes of $110,000 or more should call.  (OR $60,000 in RRSPs)