TD Disability Benefit

Provides an income when you are not able.

You and your spouse work hard to provide an important source of income to meet monthly expenses: food, mortgage or rent, utility bills, credit card payments and more! If either of you were to become sick or injured, and had to stay home or in a hospital to recover, how would you cover your household expenses and loan payments? Would you have to rely on your savings to make ends meet each month?

TD Disability Benefit provides you with a monthly income benefit should you not be able to continue working due to sickness or an injury.

TD Disability Benefit offers peace of mind, and is low cost protection for you and your family.

Coverage Benefits

The TD Disability Benefit is underwritten by The Paul Revere Life Insurance Company and provides you and your spouse with income should either of you become disabled.

You choose how much coverage you need (between $400 and $3,000 per month¹) and how long you could wait before receiving benefits (either 30, 90 or 120 days). You and your spouse are both eligible to apply if each individual income is at least $8,000 per year. The monthly benefit is payable for a maximum of five years as long as you remain disabled.

As a business owner, you have the option of deciding whether or not you want to claim the premiums as a tax-deductible expense².

Disability Defined

The TD Disability Benefit pays you or your spouse a monthly benefit in the event of a total or partial disability. If you are considered totally disabled, the full monthly benefit will be payable to you*.

Should you become totally disabled and then gradually return to work, you could be eligible for a partial disability payment – even if you earn up to 80% of the monthly income benefit you have been approved for (subject to coordination of other benefits you are entitled to receive).

The Paul Revere Life Insurance Company (“Paul Revere”) is a wholly-owned subsidiary of UnumProvident Corporation. Paul Revere is a market leader in protecting the incomes and lifestyles of individuals, both directly and through their employers, from the impact of accidents and illnesses. In 1998, over $169 million in benefits were paid to individuals through UnumProvident Corporation operating subsidiaries in Canada.

¹ The maximum monthly benefit you are eligible to receive will be calculated as follows: Your Gross Annual Earned Income x 60% ÷ 12 = Your maximum monthly benefit (If your Annual Income has varied over the past few years, an average may be taken.)
² Premiums deducted as an expense will result in monthly benefits being taxable in the year of claim. Premiums paid in after-tax dollars result in tax-free benefits.

Click here to complete the "Request a quote" form, and we will send your personal quote and a complete Information Kit which includes the Certificate of Insurance and an application form so you can apply by mail.

TERM LIFE INSURANCE

DISABILITY BENEFIT

EXTENDED HEALTH PLAN

DENTAL PLAN