AXA’s Disability Insurance Policy: A blue-collar plan

AXA Canada offers a blue-collar individual disability plan with a monthly indemnity from $300 to $3,500. The waiting periods on their plan range from the first day on injury-only coverage, to the 120th day on their illness protection. Benefit periods range from six months to 60 months. On their injury-only coverage, the benefit period can be extended to the age of 65.

The plan offers add-ons such as a business overhead expense benefit, hospital allowance, and critical illness benefit. AXA’s disability plan offers a built-in return of premium benefit. If the insured is less than 46 years old at the time of issue, 50% of all premiums paid (less what the plan has paid out) goes back to the policyholder. This benefit is paid out when the insured reaches 65 years of age. An enhanced return of premium of benefit feature can also be added, which will return 100% of the insured’s premiums at age 65 if a claim has not been made.

AXA’s disability plan has some attractive features, but is geared toward the blue-collar market. Professionals and business owners can get a higher quality and more competitively priced plan from other carriers like Manulife, Canada Life or RBC. This plan is also not appropriate for higher income earners, as the monthly benefit is limited to a maximum of $3,500. Another drawback is the illness benefit period, which is only available for a maximum of 60 months.

29 Responses to “AXA’s Disability Insurance Policy: A blue-collar plan”

  1. Disability Insurance Policy enhanced return of premium of benefit

    Jeff thought on June 24th, 2008 5:47 pm

  2. Hi Jeff,

    Thanks for the email. I’m not sure of your question but if I can help out please let me know. Regards … Lorne

    lorne thought on June 24th, 2008 5:58 pm

  3. I am looking for disability insurance in injury and sickness disability coverage. 3,000 /month

    Edward Reid thought on March 22nd, 2009 11:17 am

  4. Hi Ted,

    I am happy to help out with a quote. I will send you a seperate email shortly. Thanks … Lorne

    lorne thought on March 22nd, 2009 12:55 pm

  5. Hello, Im interested in getting a quote for me and or my wife.

    Dean thought on March 23rd, 2009 11:21 am

  6. I am 59 years old and have been laid off. What would the cost be to me to get disability insurance? Would it end when I am 65? I am a welder who was making $59,000 a year.

    George thought on April 5th, 2009 1:15 pm

  7. Hi George,

    Thanks for the note. I will send you a separate email but it will very difficult to qualify for a disability plan while you are unemployed because the coverage is based on your employment income. Disability insurance policies generally expire at 65. Long Term Care and or Critical Illness are different types of illness related coverages that can extend for the insured’s lifetime.

    Best Regards … Lorne

    lorne thought on April 5th, 2009 3:53 pm

  8. Hi: I am 58 years old and self employed. In good health. What would be the cost of a long term disability plan or plans?

    thanks.

    Lana Bullough thought on May 17th, 2009 12:27 pm

  9. Hi Lana,

    Thanks for the note. I am to help out I will send you a separate email shortly. Regards … Lorne

    lorne thought on May 17th, 2009 4:29 pm

  10. I have just lost my disability insurance from my employer..am searching for my own coverage…

    Bruce thought on June 25th, 2009 9:02 am

  11. Hi Bruce,

    Thanks for the note. I’m happy to help out.

    I will send you a separate email now. Regards … Lorne

    lorne thought on June 25th, 2009 9:42 am

  12. Hi I am a 50 year old female with no coverage for short or long term injury or illness. I am in good health but would like to get a quote I am currently making 3400.00/per month

    Thanks

    Sandy thought on July 13th, 2009 4:39 pm

  13. Hi Sandy,

    Thanks for the note. I’m happy to help out I will send you an email with more details. Regards … Lorne

    lorne thought on July 13th, 2009 5:11 pm

  14. Hi there,

    I own my own small business and I am looking for a quote for disability insurance.

    Thanks so much,

    Gerrit

    Gerrit Vos thought on August 3rd, 2009 7:49 pm

  15. I am happy to help out with a quote. I will send you an email shortly. Best Regards … Lorne

    lorne thought on August 4th, 2009 9:48 am

  16. I am looking for disability insurance in injury and sickness disability coverage. 3,000 /month

    fluent thought on September 4th, 2009 10:15 am

  17. We are happy to help out with a quote. I’ll send you a separate email shortly. Thanks … Lorne

    lorne thought on September 4th, 2009 11:41 am

  18. I was looking for a quote on some disability insurance for myself. I am presently employed but I do not have this coverage at work. I am 57 years old in good health and my income is ….. Could you get me a quote on a policy that could suit my needs. Thank-you, James

    James thought on September 29th, 2009 9:49 am

  19. Hi James,

    We are happy to help out I will send you an email shortly. Regards … Lorne

    lorne thought on September 29th, 2009 11:39 am

  20. Hi, can you please send me quote for disability insurance. I am 32y old,my montly income is 2500$
    Thank you..

    V thought on October 8th, 2009 1:41 pm

  21. Thanks for the note. I would need to verify some more details including your occupation and smoking status. I’ll send you an email shortly. Regards … Lorne

    lorne thought on October 8th, 2009 4:24 pm

  22. Hi,

    I’m looking for a quote for my partner and I to have disability Insurance. We have only recently moved to Alberta and want to ensure were covered if the worst happens.

    Thanks

    Frances

    Frances thought on October 19th, 2009 9:24 pm

  23. Hi Frances,

    Thanks for the note. We are happy to help I will send you a separate email shortly. Regards … Lorne

    lorne thought on October 20th, 2009 10:08 am

  24. I am 29 and would like to know what my monthly cost would be for disability insurance. I would like to cover at least 3000 per month. Thanks

    lewis thought on October 25th, 2009 7:26 pm

  25. Thanks for the note. We are happy to help. Disability insurance premiums are based in part on your income, occupation and current health. I will send you a separate email shortly. Regards … Lorne

    lorne thought on October 26th, 2009 8:30 am

  26. Please provide quote for long-term disablity coverage. I offer the following details:
    54 years
    Human Res. Co-ordintator/Accounting Assistant
    Good health: take medication for high blood pressure
    $3466/m
    JB

    Jeannette thought on November 26th, 2009 1:13 pm

  27. Thanks for the note. I will send you a separate email shortly. Best Regards … Lorne

    lorne thought on November 26th, 2009 5:07 pm

  28. i am looking for a quote for your best disabilty insurance possible and if it will work with another company disability plan which really is not very good ….thanx

    chris thought on March 9th, 2010 11:32 am

  29. Thanks for the note. I will send you a separate email shortly.

    Some of the variables that will impact you your disability premiums: your occupation, date of birth, monthly indemnity, elimination period and benefit period.

    lorne thought on March 9th, 2010 11:43 am

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