Disability: Provides a portion of the income lost as a result of a disability.
This can be the result of an accident, whether on the job or off, or a serious
illness. Periodic payments are sent in the place of regular income when the
insured is unable to work because of a debilitating situation.

There are two main types of income protection insurance: short-term
disability and long-term disability coverage.

SHORT TERM: Provides benefits when you are unable to work for a short
period of time due to an illness or injury – for example, while recovering from
surgery or while undergoing chemotherapy treatments. Typically, short-term
disability benefits are provided for 13, 26 or 52 weeks and can help to
replace 50 percent to 60 percent of your prior earnings.

LONG-TERM: Provides benefits when you are unable to work for a longer
period of time due to an illness or injury. Benefits often last until you are
able to return to work, or until the end of the benefit period stipulated in
the policy, typically to age 65.

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The abbreviated outlines of
coverages used throughout
this website are not intended
to express any legal opinion
as to the nature of coverage.
They are only visuals to a
basic understanding of
coverages. Please read your
policy for specific details of
coverages.

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