DISABILITY INSURANCE
Ideal for those seeking protection from unforeseen illnesses or injuries, to safeguard both you and your loved ones — providing peace of mind when you need it most.
Continued earning is essential for everyone — whether it comes from your business revenue or a monthly salary. It’s not just about maintaining your lifestyle, but also about fulfilling key responsibilities like your child’s education, retirement planning, and handling medical emergencies. But what if an unexpected event prevents you from working for an extended period, cutting off your regular income?
That’s where Instant Life Insure steps in with disability insurance — designed to protect your income when you can’t work due to injury, illness, or a disabling condition. It ensures that you and your family stay financially secure by providing a tax-free monthly income, helping you cover everyday expenses and maintain stability during challenging times
Statistics reveal that over one-third of Canadians experience a disability lasting 90 days or more before the age of 65 — often due to injury. This makes disability insurance not just important, but essential to protect your family’s financial stability. With Instant Life Insure, you can secure a plan that typically covers between 60% and 85% of your regular income for a set period, depending on whether your condition is temporary or permanent.
There are various types of disability insurance available — including individual plans, group insurance plans, and government programs like Workers’ Compensation and the Canada Pension Plan (CPP). However, when choosing the right policy, it’s important to understand the two primary categories: short-term and long-term disability insurance, each designed to support you based on the duration and severity of your condition.
Instant Life Insure is ideal for individuals seeking to safeguard their income in case an illness or injury prevents them from working. If you’re covered and become disabled, you may receive up to 70% of your gross income in tax-free monthly payments — with benefits lasting up to the age of 65, depending on your plan.
While many workers are covered by WSIB (Workplace Safety & Insurance Board), it only protects you during work hours — excluding breaks. In contrast, individual disability plans under Instant Life Insure offer 24/7 protection, ensuring you’re covered both on and off the job.
Disability insurance is especially important for self-employed individuals and those in high-risk professions such as construction, trucking, or any physically demanding roles. With Instant Life Insure, you don’t have to worry about how you’ll provide for yourself or your family if life takes an unexpected turn.
Disability Insurance for Income Protection
As the name suggests, this type of insurance is designed for individuals with a fixed monthly income. While many Canadians receive disability insurance through their employers, it often falls short of providing the full financial protection needed to replace lost income during a period of disability.
Most employers offer group insurance plans, which are a good starting point but typically include only basic coverage. That’s why it’s important to understand the specifics of what your employer-provided plan includes. By evaluating the coverage amount, you can determine whether you need additional protection to match your regular expenses.
A personal disability insurance policy with Instant Life Insure complements your group plan, bridging the gap and ensuring you have comprehensive financial support. Together, these plans offer stronger protection for you, your family, and your lifestyle in the face of unexpected illness or injury.
Disability Insurance for Business Protection
Commonly referred to as Business Disability Insurance, this specialized coverage is designed for both small business owners and enterprise leaders to help keep operations running smoothly if they are unable to work due to an injury. With Instant Life Insure, it acts as a financial safety net — preserving the business you’ve worked hard to build without dipping into your actual reserves.
Essentially, business disability insurance is a policy owned by your company that provides you with a monthly income during the period you’re unable to work. Multiple coverage options are available through Instant Life Insure to ensure your business stays protected and financially stable while you’re temporarily out of action.
Business Overhead Expense Plan
This is a non-cancellable Overhead Expense Disability Insurance policy designed to cover eligible business expenses while you are totally disabled. With Instant Life Insure, you’ll receive continued monthly payments for 1 to 2 years — or for the duration of your disability — ensuring your business operations stay on track even when you can’t be there in person
Protection for the Key Person
With this plan from Instant Life Insure, you can ensure a steady source of income for a key employee or business partner during a period of disability. These funds can also help cover outstanding debts and operating expenses — protecting your business from the impact of lost sales, increased costs, or the high expense of replacing a key team member who becomes totally disabled.
Buy-Sell Agreement
A Buy/Sell Insurance Agreement through Instant Life Insure provides the necessary funding to acquire a shareholder’s or partner’s ownership interest if they become fully disabled. This ensures business continuity and smooth ownership transition without financial strain.
While disability insurance and critical illness insurance may seem similar, they serve very different purposes. Disability insurance replaces lost income when you’re unable to work due to an injury or illness, whereas critical illness insurance offers a lump sum payment upon diagnosis of a serious condition, helping cover immediate medical and personal expenses.
At Instant Life Insure, we help you access the best plans and offers on Critical Illness Insurance. Through our strong partnerships with Canada’s leading insurance providers, we’re able to guide you toward the right plan that fits your budget and personal needs. The best way to begin? Start with a free initial consultation — no obligations, just expert advice tailored for you.