RICHMOND, BC
Disability Insurance in Richmond
Richmond has a large base of self-employed people in retail, logistics and services, where income stops the day work does.
No employer, no safety net
Without a group plan there is nothing between an injury and the mortgage. A personal policy is the only cover that follows you between contracts.
What it replaces
A monthly benefit — typically 60% to 80% of gross income — for as long as you cannot perform the duties of your job, up to the benefit period you chose. It is a wage that keeps arriving, not a lump sum.
The definition decides the claim
An own-occupation policy pays if you cannot do your own job. A broader definition may require that you cannot do any job you are suited to. That difference decides whether a claim is paid.
SERVICE AREA
Available across all three provinces
Licensed across British Columbia, Alberta and Ontario — every product we arrange is available in all three. Call 604-828-7213.
Common questions
I run a small business with no employees. What cover applies?
A personal policy, since there is no group plan to build on. Benefit and elimination period are both set to your own numbers rather than a payroll formula.
How much of my income can I insure?
Typically 60% to 80% of gross. Insurers cap it because benefits are usually paid tax free, and replacing all of your income would remove the incentive to return to work.
How long before benefits start?
The elimination period is usually 30 to 90 days and you choose it. A longer wait lowers the premium, so match it to how long your savings would realistically last.
Get a quote for Richmond today
Tell us what you are protecting and we will come back with real options, usually the same day.