Calgary Disability Insurance

Protect yourself from injury in Calgary

Injuries and illness are always a risk and can impact your ability to work. Calgary disability insurance offers protection that is designed to replace 45-65% of a disabled person’s gross income if they’re unable to work for a certain period.

When you’re suffering from an injury or illness, you shouldn’t have to worry about money. Unfortunately, too few people in Calgary have disability insurance coverage that could help give them peace of mind.

Contact one of our experienced disability insurance brokers in Calgary to get a free disability insurance quote or to learn more.

Benefits of disability insurance in Calgary

The benefit of disability insurance in Calgary is that allows you and your family to deal with the financial hardship when you are unable to work due to an injury or illness. Many plans also include provisions for rehabilitation.

The benefits of having your own disability insurance plan in Calgary are that:

• Your coverage isn’t interrupted if you change employers or leave a union
• Your policy can be tailored to your individual needs
• Benefits are tax free
• If you own your own business, you may also have help with overhead costs, deferred income taxes, and loans.

The different providers of disability insurance in Calgary

There are several potential providers disability insurance for Calgarians:

• Group disability insurance (offered through employers or unions)
• Government disability insurance
• Individual disability insurance

You may not have access to all these providers. Knowing your group and government disability insurance eligibility is an important part of determining what individual disability insurance coverage you need.

The difference between individual and group disability insurance in Calgary

Here are the main differences between individual and group disability insurance in Calgary:

• A group plan is generally purchased and managed through an employer or association (like a union).
• A group plan does not “follow” you if you change employers or leave the association.
• A group plan may be less flexible.
• A group plan may be less comprehensive.
• A group plan may be cheaper.

Between any two policies, there may be differences in the amount you’re eligible to be paid, policy limits, what is considered a disability, and any limitations or exclusions.

The difference between short-term and long-term disability

In Calgary, the difference between short-term and long-term disability is usually:

• The amount of time you can receive the benefit
• The amount of money you will receive (generally, both are a percentage of your income, but these percentages will be different)
• The maximum amount of money you will receive each month (known as the policy limit)
• Cost
• What is considered a disability
• Limitations or exclusions

How much disability insurance do you need in Calgary?

How much disability insurance you need will depend on a few factors, such as:

• Your lifestyle or standard of living
• Your financial responsibilities (how many people depend on your income, mortgage and other loan payments, et cetera)
• Your financial resources (do you have a partner with an income, another source of wealth, savings, et cetera) and how far they would stretch
• Your employment (what type of work do you do, how flexible it is, if you could transition into another role or field, et cetera)

Essentially, you need to compare your expenses to your coverage and other financial resources. Your disability insurance should help you cover the essentials.

How to get disability insurance quotes in Calgary

Here’s how to get a disability insurance quote in Calgary:

• Contact Acera Insurance online, by email, by phone, or in-person in one of our Calgary offices.
• Speak with a disability insurance broker.
• Apply for disability insurance.
• You may need to provide additional medical or financial information.

One of our brokers will help you with your Calgary disability insurance by finding out which coverage fits your needs and budget as well as taking care of the paperwork.

Benefits of working with Acera for your disability insurance in Calgary

You should work with Acera Insurance for your disability insurance in Calgary because we’re:

• Independent – We work for you, not an insurance company.
• Experienced – Our Calgary disability insurance brokers have decades of experience developing personal and group plans.
• Knowledgeable – Our staff is there to answer your questions and help you through the application, renewal, and claims processes. They receive ongoing training to ensure they’re up to date on everything they need to know.
• Competitive – We work with a large number of insurance companies to offer you the best choice of coverage and the most competitive Calgary disability insurance quotes.
• Renowned for Customer Service – We pride ourselves in our reputation for exceptional customer service.

Request a disability insurance quote online, by phone, or stop by to talk to a broker in one of our Calgary offices yourself to see how Acera Insurance can help you protect yourself and your family if you’re unable to work.

Calgary Disability Insurance FAQs