Income · Self-employed · Owners
Disability insurance in Mississauga, Vaughan and the GTA
Your ability to earn is often your biggest asset. Disability insurance replaces part of your income if illness or injury stops you from working, according to the policy’s definition of disability.
Have these handy for a fast quote
- Occupation and duties
- Annual income and how it is earned
- Existing group or association coverage
- Health history
- Preferred waiting period
Key parts of a disability policy
Monthly benefit
A portion of your income, paid monthly while you qualify.
Waiting period
The time before benefits start. Longer waiting periods usually cost less.
Benefit period
How long benefits can be paid — a few years or to a set age.
Definition of disability
Own-occupation and any-occupation definitions change when you qualify. This matters most.
Self-employed options
Plans designed for owners and freelancers without group benefits.
Business overhead
Coverage that helps owners pay fixed business expenses during a disability.
Broker tips
Disability coverage tips
- 01
Check your group plan
Many group plans have limits that may not match your income.
- 02
Match waiting period to savings
Your emergency fund can bridge a longer waiting period.
- 03
Be precise about duties
Your occupation class shapes eligibility and price.
- 04
Review when income changes
Coverage should grow with your earnings.
FAQ
Questions I hear often
Do I need disability insurance if I have EI?
EI sickness benefits are limited in amount and duration. Private coverage can provide longer, more substantial protection.
Can self-employed people get disability insurance?
Yes. Underwriting typically looks at income documentation over recent years.
Are benefits taxable?
Benefits from a policy you pay for personally are generally not taxable; employer-paid benefits often are.
Does it cover mental health conditions?
Many policies do, subject to their terms and any exclusions applied during underwriting.
Questions about disability coverage?
Call or email Katherine to discuss your options.