Why don't I have disability coverage? ( The advisors fault)

Disability Insurance on the street is "rumored" as an over priced benefit that will let you down when you need it most; not to mention nearly impossible to get underwritten for.

This is a delima I face on the street almost every day, and finally I think people are starting to grasp the concept. YES- disability coverage is not cheap, but I would argue with anyone that in relation to your income level it's not expensive.

Insuracne advisors are to blame for the lack of education to their client ( or themselves for that matter) as they only show the illustration's with 100% of the income protected and poor definitons. Limiting anyone to 1 or 2 options will almost always invite them to politley say "no thanks"

Occupation definitions, step benefits, wait periods, monthly income level and on and on are factors that should be discussed in making sure EVERYONE who is employed has some level of individually held disability coverage.

If you make $100,000 and can't afford the whole premium of what a real disability plan looks like, then you should insure yourself for half of that ($50,000) or whatever you can afford.


Hardly anyone I meet has disability coverage and i blame the advisor. It takes a long time to get the coverage, advisor has to do a lot of work and many think it's not worth their time. This is garbage talk, because it is our responsibility to get these extremely effective products into the hands of employed Canadians.

Since December 1st our office has had 9 disability applications submitted , and I am very proud to do the hard work for these clients in attempts to make sure they are COVERED properly.

Tucker Wright