Disability Insurance for Seniors

Seniors can still
get disability insurance.
Photo by Manuel Mc

Most traditional disability insurance policies end the insurance at age 65.

The Edge Disability Policy, underwritten by RBC Insurance, recently increased its coverage to age 75. The plan is available under issue ages of 18 to 69 and offers monthly benefits of $1,000 to $6,000 a month.

The benefit period can be for five years or until the age of 70. It is further reduced to 24 months when the insured turns 68. In the event that the insured becomes disabled at 74, the plan would pay out until the insured's 76th birthday.

The policy also has several built-in features, including :

• A partial disability benefit, which pays 50 per cent of the benefits up to 180 days
• A waiver of premium features after 30 days of total disability while benefits are payable
• A return-to-work assistance benefit, which covers rehabilitation and financial assistance and returning the insured to work
• An accidental medical reimbursement benefit, which provides reimbursement up to $10,000 for medical expenses not covered by government health plans

For more details on disability insurance for seniors, please contact us a 1-866-899-4849 or visit our Disability Insurance Quotes Page.