Disability insurance^† is designed to ensure a continuous income stream if you are unable to work for an extended period of time. In some ways, it's even more important than life insurance. Why? Your chances of becoming disabled, either temporarily or permanently, far outweigh your chances of dying prematurely. Without the right disability insurance, a serious injury or illness could create financial challenges that add further mental and emotional stress at a time when energies need to be focused on improving your physical health.

Protecting yourself and your family in the event of misfortune is critical. Make sure you have the disability insurance coverage you need to protect everything you've worked for – whether you're an employee with limited benefits, self-employed or a business owner.

Short- and long-term disability.

Short-term disability insurance covers a percentage of your salary should injury or illness prevent you from working for a time beyond that protected by your employer's sick leave benefits. Duration of benefits is typically six months.

Long-term disability insurance is designed to pick up where short-term disability policies leave off and will cover you for five to 10 years or even longer. Ideally, the policy should be structured to cover you until age 65.

Accidental death & dismemberment (AD&D).

Typically AD&D insurance is a rider on a basic life or health insurance policy and covers accidental death, loss of eyesight or loss of a limb. There are a number of limitations to the coverage that should be understood before purchasing, but depending on your personal circumstances and risk, AD&D may be appropriate for you.

The right advice makes all the difference.

The best approach is to discuss your needs with a BlueShore Wealth insurance advisor (a subsidiary of BlueShore Financial). They'll source the best policy at the most competitive price from leading Canadian insurance companies.