Comprehensive Disability Insurance
that pays monthly income benefits
and lump-sum payments
in the event of injury or illness.
PROTECT EVERYTHING YOU'VE WORKED SO HARD FOR.
It's your most valuable asset - your ability to work and earn a living. Yet more than half of working Canadians have not purchased Disability insurance to protect this asset, perhaps simply hoping nothing will ever happen to them. While none of us wish to contemplate misfortune, the truth is that disability has no respect for age, gender, occupation or position when it strikes unexpectedly through sudden illness or accident.
Why you need it:
Disability Insurance should be the number one priority in terms of benefit protection because, unless a person is very wealthy, one cannot normally self-insure the ability to work. Although many people think first about dental insurance, for example, because of an impending expense for major dental work, a much sounder approach is to have Disability Insurance in place first, and if necessary, finance over time any infrequent major expense. It just makes sense to protect the asset that’s most valuable - your ability to earn an income makes possible all the other elements of your life.
An affordable solution:
The primary concern of most people is their ability to meet their ongoing financial obligations in the event of temporary or long term disability. How would you or you and your family survive financially if you became disabled and unable to work?
The enVia Disability / Income Protection Program can help you meet your protection needs at a reasonable & competitive cost, while providing you and your loved ones with comprehensive protection against loss of income due to illness injury or death.
No medicals required:
No medical examinations are required. Instead, satisfactory Health Evidence is required in the form of a Personal Health Declaration, and a separate Health Statement for the Critical Illness. All such information is confidential, shared only among the Program Administrator and Insurers/Service Providers.
YOU CHOOSE THE COVERAGE THAT MEETS YOUR PERSONAL NEEDS:
The Program is modular in design, allowing you to purchase the entire program as one, all-encompassing "umbrella", or any of the individual component benefits based on your needs.
1. Temporary Total Disability (TTD):
A weekly income TTD benefit of up to 70% of weekly earnings for a maximum duration of 24 months (2 years), following a 30 or 90 day waiting period. The benefit payable is reduced by any disability benefits for which you may be eligible from the C/QPP or E.I. Provides protection for disabilities resulting from an injury or illness. Maximum benefit of $2,308 per week ($10,000 per month).
2. Permanent Total Disability (PTD):
Provides a lump sum, tax-free benefit up to 5 X gross annual earnings (up to a maximum of $2,000,000) in the event that you are “permanently and totally” disabled after 25 or 27 months, and unable to “engage in any occupation or employment for which you are fitted by reason of education, training or experience for the remainder of your life”. Once PTD is determined, the lump sum payment is made and no further ongoing proof of disability is required as is the case under a traditional plan.
3. Accidental Death & Dismemberment Insurance (AD&D):
A lump sum, tax-free benefit of up to $500,000 payable in the event of accidental death or dismemberment, paralysis, loss of use, loss of vision, hearing, etc. This benefit is payable in addition to any benefits payable under the TTD and PTD benefits. Provides 24 hour, 365 days per year coverage, available in units of $50,000 up to a maximum of $500,000. No health evidence is required.
4. AIG Special Risk Insurance Program (mandatory, automatically included):
Provides $20,000 of Accidental Death & Dismemberment Insurance in Canada on a 24/7/365 basis, plus Attaché Services including Identity Theft Recovery Assistance.
5. Workplace Options Employee & Family Assistance Program (mandatory, automatically included):
Provides up to 3 hours per family member of confidential telephonic counselling by professionals for life/work issues and referral for ongoing requirements anywhere in the world.
