search

Great-West Life’s Disability Pans: Professional, Boss Plus, Competitor and Protector

Great-West Life has four disability plans. Their Professional plan is high-end disability insurance geared toward professionals, business owners and key employees. The Boss Plus plan targets business owners who are concerned about cash flow if they become disabled. The Protector plan targets employees, and the Competitor plan offers low-cost disability coverage for people whose occupations or current work situations make it challenging to obtain coverage, such as part-time or seasonal workers.

Great-West’s Professional plan is their flagship program, and competes with RBC’s Professional Series and Canada Life’s Lifestyle Protection plan in the high-end market. The Professional plan has the following standard policy features:

  • Recurrent disability – the insured’s monthly income benefit will resume immediately if the same (or related) disability recurs within a specified period.
  • Waiver of premium – if the insured has been disabled for 90 days, Great-West will refund the premiums paid for this period, and waive the premiums while the disability continues.
  • Cash flow – the insured can qualify for a two-month extension of benefits when he/she returns to work full-time in the same occupation as prior to the disability.
  • Rehabilitation program – Great-West will cover the cost of a pre-approved vocational program, and the insured will still receive his/her monthly benefit while totally disabled. This feature can assist the insured learn a new occupation.
  • Transplant surgery – if the insured donates an organ, he/she will be covered during the recovery, if the policy has been in force for six months.
  • Survivorship – the insured’s estate will receive a lump-sum benefit if they die while receiving their monthly disability income.

The following optional riders are also available on the Professional plan: return of premium rider; limited first day accident rider; cost of living adjuster rider; future earnings protector option rider; future savings protector rider; lifetime accident and graded sickness benefit rider; accidental death and dismemberment rider; and a health care rider.

27 Responses to “Great-West Life’s Disability Pans: Professional, Boss Plus, Competitor and Protector”

  1. I am 52 self employed in the ag industry. I am looking for short and long term disability making now 3000 to 4000 monthly income

    John Hunter thought on April 11th, 2008 9:33 pm

  2. interested in disability insurance

    Melinda thought on June 26th, 2008 12:57 am

  3. Hi Melinda,

    Thanks for your note. I will send you a seperate email with my contact information and we can arrange a time to discuss things further. Regards … Lorne

    lorne thought on June 26th, 2008 7:57 am

  4. HI my name is bruce I am 60 I am selfemployed I make between 5500 and 6000 a month I would like a quote on disablilty insurance and accidental death insurance and critial illness insurance

    bruce thought on December 5th, 2008 7:36 pm

  5. Hi Bruce,

    Thanks for your note. I’m happy to help out - I will contact you via a seperate email. Best Regards … Lorne

    lorne thought on December 5th, 2008 9:33 pm

  6. I am a 45 year old self-employed male for 20 years, a non-smoker for over a year, healthy and would like to receive $4000 a month in disability benefits.

    tony thought on February 4th, 2009 10:58 pm

  7. Hi Tony,

    Thanks for the note. I need to confirm your occupation and few other details and I will prepare a quote for. I will send you a seperate email. Regards … Lorne

    lorne thought on February 5th, 2009 9:32 am

  8. I am 39 non smoker, and make between 3000 netcome, I would like to receive about 4000 in disability insurance. I would like to know the exact terms.

    Thanks,
    Abdul

    Abdul thought on February 18th, 2009 3:32 pm

  9. Hi Abdul,

    Please note with disability income generally speaking your maximum monthly benefit is limited to 60% of your net income before tax after expenses.

    Regards … Lorne

    lorne thought on February 18th, 2009 4:42 pm

  10. I,m a 20 year old welder in northen canada, am interrested in disabilty insurance to protect me in the event of a off work accident. I curently earn 125,000

    dave thought on April 24th, 2009 9:19 pm

  11. I am happy to help out. I will send you a separate email with some of the details I need to provide a quote.

    Regards … Lorne

    lorne thought on April 25th, 2009 8:43 am

  12. Hello:

    I am self-employed and have been working in the IT sector for 8-years. In the event I am injured at work or off-site, I would like a disability insurance coverage of $5,700.00 (tax free)/month.

    I currently have insurance but have grown disatisfied with my current provide.

    K thought on May 10th, 2009 4:07 pm

  13. Thanks for the note.

    We can definitely help. I will send you a separate email and you can also visit our on-line disability insurance quote page http://lsminsurance.ca/application/ontario/disability.html.

    Regards … Lorne

    lorne thought on May 10th, 2009 7:45 pm

  14. Hi my name is Henry. I am 49 and working in IT filed. I make between 8000 and 10000 a month I would like a quote on disablilty insurance and critial illness insurance

    Henry thought on June 18th, 2009 3:19 pm

  15. Thanks for the note. I’m happy to help I will send you a separate email. Best Regards … Lorne

    lorne thought on June 19th, 2009 3:15 pm

  16. I am self employed in the tile industry. I make about 4000 per month how much would I need to be insured for to be covered in the event of a disability

    Jeff thought on August 30th, 2009 8:59 pm

  17. Thanks Jeff,

    I am happy to help out and will send you an email shortly.

    Regards … Lorne

    lorne thought on August 30th, 2009 9:21 pm

  18. Hi there,

    I would like a quote for the professional disability package. My current income is 200K per year. Thanks

    Brad thought on September 29th, 2009 11:42 pm

  19. 55000 a year business, subcontractor, no employees , looking for personal coverage

    Gary thought on October 16th, 2009 7:00 pm

  20. Hi Gary,

    I’m happy to help out without a quote. I will send you a separate email shortly. Regards … Lorne

    In order to provide an accurate quote we would need verify your

    • Date of birth and smoking status
    • Duties of your occupation
    • The benefit period you want
    • The elimination period
    • Monthly indemnity amount
    • Any riders

    lorne thought on October 17th, 2009 11:50 am

  21. I would like to get a quote on short and long term disability as the company that I work for dose not offer any .

    I am a network analyst
    I am 57
    I do not smoke or drink.
    my take home income is $4000 a month.

    Could you give me a group rate as I know others that I work with need this as well.

    Regards

    Bill

    Bill thought on November 24th, 2009 5:15 am

  22. Hi Bill,

    Thanks for the note.

    Individual disability policies offer both short and long term disability coverage under one umbrella.

    In addition to the information you shared your premiums will be based on your
    • The benefit period you want
    • The elimination period
    • Monthly indemnity amount
    I will send you a separate email now. Regards … Lorne

    lorne thought on November 24th, 2009 9:32 am

  23. Hi,

    I have a question about the professional disability package.
    I have noticed that it is non-cancelable.
    What if I want to change my plan or simply just not needing the policy anymore.
    are there any exception to cancel the policy?

    MH thought on January 5th, 2010 3:09 am

  24. Hi MH,

    Thanks for the note. Non cancellable refers to the insurance company not being able to cancel the contract you can cancel it anytime.

    Regards … Lorne

    lorne thought on January 5th, 2010 11:25 am

  25. Hi there,
    I’m a 36 yr old hygienist making approx 3000-4000 month. please send more detailed info regarding your disability insurance. Thankyou Kindly Tammy

    Tammy thought on January 16th, 2010 1:00 pm

  26. Hi there, I would like a quote for long’short term disability..I work full time in the salon as a general hairdresser(color/cutting).As well I freelance on my own time for photoshoots..
    My company has a insurance plan,but no coverage for disability.I would consider switching all my insurance over if i could get a reasonable plan.
    thank you( my yearly income is between 40 and 50.)

    andrea harrison thought on February 16th, 2010 9:08 pm

  27. Hi Tammy,

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

    In order to provide an accurate quote we would need verify your

    • Date of birth and smoking status
    • Duties of your occupation
    • The benefit period you want
    • The elimination period
    • Monthly indemnity amount
    • Any riders

    lorne thought on February 17th, 2010 12:01 pm

Leave a Reply





Lorne S. Marr Insurance Services Limited
2900 John Street Suite 302   Markham,   L3R 5G3   Toronto, Ontario | GPS: 43.825131;-79.3536561
Office 905.248.4849 Fax 905.300.4848 | Contact via email
life insurance canada | site map | privacy policy | resources | RSS feed | top of page | Insurance resources
all materials © Lorne S. Marr Insurance Services Ltd. 2005-2010