Income Replacement - Individual Disability Plans

Income Replacement coverage provides protection for individuals in case of disability due to illness or injury. Income Replacement plans for individuals can cover you for injury only or can provide you with coverage for both injury and illness. You can get coverage from the day the accident happens or add a waiting period to the plan, which will lower the cost. Employment Insurance (EI) can cover you if you are an employee for the first 120 days. If you are a business owner first day coverage would be a better choice. Durations of coverage for these plans are 2 years, 5 years, or to age 65 or 70.