Disability insurance protects your financial security by replacing your income in case of disability.  It lets you cover your basic living expenses and main obligations without jeopardizing the financial assets you have accumulated over the years.  It is used to protect your quality of life as well as that of your family should something unexpected happen. Disability insurance can be combined with a life or health coverage or sold alone.

Discover all our Disability insurance coverages

Learn more about Disability insurance

Generally speaking, the benefit paid in the event of disability is limited to a certain percentage of your regular income (e.g., 60%, 66 2/3% or 70%.) Benefits may be paid for a set number of years (e.g., 5 years) or until you reach a set age (e.g., 50, 55 or 65).

At the time of disability, your benefit is usually coordinated with the benefits paid under public plans (e.g., the Canada Pension Plan or Worker's Compensation) and private plans. This means that the total amount you will receive from all these plans cannot exceed the percentage of your regular income specified in the contract (e.g., 60%, 66-2/3% or 70%).

To cover monthly family expenses or business costs
Desjardins Financial Security also offers another type of Disability insurance designed to cover household monthly expenses such as rent and groceries or to pay the premiums of your other insurance coverages. The amounts paid under this coverage are lower than the benefit above and are not tied to your salary.  A variation of this coverage is aimed at self-employed workers and covers certain business expenses.