Get the best Insurance Quote from Canada Life
Call 1 844-542-4678 to speak to our advisors.
It is a tax-free monthly payment that covers your expenses if your disability hinders you from working for a certain period or permanently.
Call 1 844-542-4678 to speak to our advisors.
Age 30 | Age 40 | Age 50 | ||
---|---|---|---|---|
$70,000 | $3,844,975 | $2,391,043 | $1,255,235 | |
$90,0005 | $4,943,539 | $3,074,199 | $1,613,873 | |
$120,000 | $6,591,385 | $4,098,932 | $2,151,831 | |
$150,000 | $8,239,231 | $5,123,665 | $2,689,789 | |
$200,000 | $10,985,641 | $6,831,553 | $3,586,385 | |
$250,000 | $13,732,051 | $8,539,441 | $4,482,981 |
Annual income | Maximum monthly benefit |
---|---|
$35,000 | $2,200 |
$50,000 | $2,975 |
$100,000 | $5,200 |
$120,000 | $5,925 |
$140,000 | $6,625 |
$200,000 | $8,550 |
Group coverage | Individual coverage | |
---|---|---|
How much coverage do I get? | Coverage amounts are often limited | You can choose your coverage amount |
How flexible is the policy? | The coverage options are picked by your employer | You have the freedom to choose how long you need the policy and the coverage amount |
Do I have the choice to change my coverage? | Changes can be made once a year or if there is a life-changing event | Yes, your coverage can be adjusted |
If I leave my employer, what happens? | Unless there is an option to convert to individual coverage, your coverage comes to an end. | Your coverage remains the same because it’s not tied to a membership or a job |
How much does the policy cost? | Typically, the policy is low-cost | Typically, it’s costlier than group coverage |
Will the policy cost ever change? | Policy costs changeevery year | Policy costs stay the same for the entire duration of your policy |
Call 1 844-542-4678 to speak to our advisors.