Disability Insurance

Disability insurance is designed to replace your income if you become disabled and are unable to earn an income.  Generally, it replaces between 60% and 85% of your income and the benefit is tax-free.


Disabilities can result from a number of causes, for instance, an injury, a serious illness including mental health issue. You can choose to protect your income from disability caused by injury or illness, or disability caused only by injury for which the premium is more cost effective, and you don’t need to go through a medical exam during the underwriting process.


Many employers offer disability insurance.  However, disability insurance plans are also available through a life insurance broker.  If you’re self-employed, you should seriously consider getting disability insurance.  It will cover many of your business expenses if you’re unable to work.  When buying disability insurance, make sure you understand the terms and conditions of the plan.


When do you need disability insurance?

Disability is one of the insurance coverages that you always need if you have a stream of income, and especially if people, such as your family members, rely on this income.
Here are a few things to know:
  • One in three Canadians becomes disabled for three months or longer before the age of 65.
  • Nearly 15% of Canadians have a disability.
  • Many employees already provide some disability coverage as a part of a benefit package, but you could lose this protection if you change your job.
You cannot combine the coverage of multiple policies above a particular percentage, and that percentage is linked to your income. Disability policies are not stackable.

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    Not sure what you need? Learn in seconds which types of insurance match your business.

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    Our mission

    At GSA Financial Services.com, we are committed to helping you with your needs of life insurance, disability insurance, as well as critical illness insurance, online via our website, phone call and email.


    If you are a Canadian citizen or resident and you purchased a policy from a member life and health insurance company, you are automatically protected by Assuris


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