Disability insurance

If an accident or illness means you can no longer work, disability insurance will compensate for your lost wages. This kind of insurance can be of short duration, lasting for weeks or months during which you receive a percentage of your salary in compensation. It can also be long term and in some cases, may cover you up to the age of 65. Many group insurance programs include disability insurance, but you can also purchase individual coverage.

If you’ve paid your premium at 100%, then the benefits are not taxable. But if your employer has paid all or part of it, then you’ll have to pay tax correspondingly.

To find out more about disability insurance and get a no-cost, no-obligation quote, contact the experts at Groupe Financier Fortin Roy.

CALL US AT 514-461-1100 / OR MAKE AN APPOINTMENT