Disability Insurance Quotes | 25+ insurers

Why Choose LSM Insurance For Disability Insurance

Protect your family’s income if you are not able work
We provide access to policies from 20+ insurers
Offering Whole Life insurance solutions across Canada
You can apply up to the age of 70

LSM Insurance is Accredited With:

Get a Disability Insurance Quote Today or ask Questions

Sample Disability Insurance Quotes

Female, 35 years old, non-smoker, no serious health pre-conditions, disability monthly benefits of $7,500, sixty day elimination period and age 65 benefit period

Best quote:
$312 per month

Male, 30 years old, non-smoker, no serious health pre-conditions, disability monthly benefits of $5,000, thirty day elimination period and 5 year benefit period

Best quote:
$263 per month

Female, 42 years old, non-smoker, no serious health pre-conditions, disability monthly benefits of $10,000, ninety day elimination period and age 65 benefit period

Best quote:
$509 per month

What is Disability Insurance?

Disability insurance is a type of insurance that substitutes part of your income should you become disabled. Unlike other forms of insurance, disability benefits do not come as a lump sum, but as monthly payouts.

Disability cases are clearly defined in an insurance policy and have a number of special conditions defining waiting times (elimination period), the types of work in which you can be engaged after disability, and much more.

Interested in disability insurance or have questions? Please complete the form above.

When do you Need Disability Insurance?

Disability is one of the insurance coverages that you always need if you have a stream of income, and especially if people, such as your family members, rely on this income.

Here are a few things to know

One in three Canadians becomes disabled for three months or longer before the age of 65.
Nearly 15% of Canadians have a disability.
Many employees already provide some disability coverage as a part of a benefit package, but you could lose this protection if you change your job.
You cannot combine the coverage of multiple policies above a particular percentage, and that percentage is linked to your income. Disability policies are not stackable.

Interested in disability insurance or have questions? Please complete the form above.

How does Disability Insurance Compare to Critical Illness Insurance?

Here is a brief comparison to show how disability insurance compares to critical illness insurance.

	Critical Illness Insurance	Disability Insurance
Purpose	Lump sum that can be used in any way the beneficiary wants	Covers part of the beneficiary’s lost income due to a disability
Coverage Payout	One time lump sum	Regular monthly payments
Stackable	Yes	No

Interested in disability insurance or have questions? Please complete the form above.

What are Disability Insurance Rates?

Disability insurance rates are determined through numerous aspects, such as:

Elimination period (time frame when you do not receive benefits.
Benefit period (time frame during which you receive benefits. For example, 2 years, 5 years, up to age of 65).
Type of occupation, such as “own” vs “any” occupation – basically, your ability to qualify for benefits if you are forced to work in a different career path after your disability.

Disability insurance costs are higher than term life insurance costs.

Interested in disability insurance or have questions? Please complete the form above.

Posted by Chantal Marr.

Chantal Marr is a member of the Independent Financial Brokers of Canada.
Much of her success stems from her ability to listen to her clients' needs.
Read Chantal's background.