SURREY, BC
Disability Insurance in Surrey
Income replacement if illness or injury stops you working — for employees whose group cover is capped, and for self-employed people and business owners who have none at all.
Self-employment is the gap
Surrey has a high proportion of self-employed trades, transport and small business owners. None of them have group disability cover, and their income stops the day they do.
What you can insure
Typically 60% to 80% of gross income. Insurers cap it deliberately, because benefits are usually paid tax free and replacing all of your income would remove the incentive to return to work.
The definition matters more than the premium
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. For skilled trades and professionals that difference decides whether a claim is paid.
LOCAL
Based in Surrey, not a call centre
Our office is at 12885 80 Avenue, Suite 204 in Surrey, and we are licensed in British Columbia, Alberta and Ontario. You can reach an advisor on 604-828-7213.
Common questions
Is my employer's disability plan enough?
Group plans commonly cap the benefit, cover only part of your salary, and end when the job does. A personal policy stays with you and is sized to your actual monthly commitments.
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 genuinely last.
More guides for Surrey
Not sure what fits? Ask a broker.
Tell us what you are protecting and we will come back with real options, usually the same day.