VANCOUVER, BC
Disability Insurance in Vancouver
Vancouver has a high concentration of self-employed professionals, contractors and consultants — none of whom have group disability cover.
Cost of living raises the stakes
Vancouver housing costs mean a larger share of income is committed before anything else is paid. That makes the monthly benefit you would need higher here than almost anywhere in Canada.
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 am a contractor in Vancouver with no group plan. Where do I start?
With your fixed monthly costs rather than your income. In Vancouver housing usually dominates that number, which is what sets the benefit you need.
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 Vancouver today
Tell us what you are protecting and we will come back with real options, usually the same day.