What is Disability Income Insurance?

Glossary - Letter - DThis differs from disability insurance because it is designed to help pay down debts while you are disabled. Coverage can help pay for your mortgage, car, credit card, or loan. This is not considered to be typical disability insurance and is not calculated in total disability benefits. Think of it more as “debt insurance” that triggers on a disability.

Our Publications related to Disability Insurance

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

Introducing a New Tool to Find Out What Issues Canadian Face with Their Insurers

The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]

Disability Insurance in Canada – Explaining 7 Main Types

Disability Insurance in Canada – Explaining 7 Main Types

Disability-related stats that are important to know Accidents are unavoidable. On top of dealing with pain and possible physical or mental limitations, a disability can also result in financial difficulties because your ability to earn an income may be impacted too. Here are some sobering statistics:   According to Statistics Canada, 20% of Canadians aged […]

Disability Insurance: 45 Ideas to Reduce Your Rate

Disability Insurance: 45 Ideas to Reduce Your Rate

Disability Insurance (also known as a DI policy) is one of the lesser known insurance types. Many Canadians are knowledgeable about life insurance, but, in most cases, it is disability insurance that is more likely to be used. DI can be costly, so we collected all the known ways to save on disability insurance; our […]

111 Insurance Myths – Everything You Must Know

111 Insurance Myths – Everything You Must Know

Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article. […]

Life Insurance Rates Scout Is Live – Find Out if You Pay Too Much

Life Insurance Rates Scout Is Live – Find Out if You Pay Too Much

Unlike auto and home insurance, life insurance is an insurance product that is much more difficult for people to understand. As a result, it is often unclear how much your term life insurance rates will be, how long you are covered under a policy, and the amount of insurance coverage you need. To address this issue, […]