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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