Disability Insurance
Protect Your Income. Preserve Your Lifestyle.
Your ability to earn an income is one of your greatest assets. Disability insurance protects that income if injury or illness stops you from working—so you can keep moving forward without financial disruption.
Whether you’re an employee, entrepreneur, or business owner, we’ll help you stay protected with a plan that works for your career, your pace, and your goals.
Why it matters
Disabilities are more common—and longer-lasting—than most people think.
1 in 5 Canadians will become disabled for 90 days or more before age 65
The average disability claim lasts over 5 years if it exceeds 90 days
Most long-term disability claims are tied to mental health conditions, cancer, and musculoskeletal injuries like back pain, fractures, and joint issues.
During that time, your expenses won’t pause—and recovery can come with unexpected costs. Disability insurance helps bridge the gap with monthly income that keeps your lifestyle and goals on track.
What is disability Insurance & How Does it Work?
Disability insurance pays you a monthly, tax-free benefit when you’re unable to work due to a covered condition. The amount and length of coverage depend on the plan you choose—but all of them are designed to help you:
Replace lost income
Pay household or business bills
Protect long-term savings
Reduce financial stress while recovering
Types of Coverage
Personal Disability Insurance
For individuals who want to protect their personal income and day-to-day lifestyle.
Monthly income replacement
Covers short- and long-term disability
Optional riders include partial/residual disability, return of premium, and more
Customizable waiting periods and benefit durations
Overhead Expense Coverage
For business owners who need to keep the doors open—even if they can’t work.
Reimburses eligible business expenses like rent, salaries, utilities, and equipment leases
Helps preserve operations and avoid disruptions
Return-of-premium option available if no claim is made
Buy/Sell Disability Coverage
Ensures your business agreement stays intact if a partner becomes disabled.
Pays a lump sum or monthly benefit to help fund a buyout
Protects ownership, valuation, and succession planning
Wage Loss Replacement Plans
A tax-efficient solution for business owners covering employees.
Premiums are tax-deductible for the employer
Benefits are paid directly to the employee
Plans are customizable by role or category
Strong recruitment and retention strategy
Disability Insurance:
Myth vs. Reality
Even high-performing professionals often misunderstand how disability insurance works—or why it’s needed. Let’s set the record straight.
Myth: “It probably won’t happen to me.”
Reality: 1 in 5 working Canadians will experience a disability lasting 90 days or more before age 65. The most common causes? Mental health, cancer, and physical injuries—things that can affect anyone, no matter how active or careful.
Myth: “My employer coverage is enough.”
Reality: Group plans often cover only a fraction of your income—and usually don’t follow you if you leave your job. Personal disability insurance fills the gap and stays with you, no matter where your career goes.
Myth: “I’ll just use savings or government programs.”
Reality: Most savings aren’t built for long-term recovery—and government benefits may not apply or be enough. Disability insurance provides monthly, tax-free income when you need it most, without draining your future plans.
Myth: “If I don’t use it, I’ve wasted my money.”
Reality: Many plans offer return-of-premium options, letting you get back some or all of your payments if you never make a claim. It’s protection with value—either way.
You Might Need Disability Coverage If You
Rely on your income to support your lifestyle or family
Own a business or work for yourself
Don’t have enough employer coverage—or none at all
Work in a high-performance or specialized role
Want long-term security if health issues affect your ability to earn
Your Coverage. Your Way
At New World Agency, we don’t believe in one-size-fits-all. We build every disability plan around your lifestyle, career, and future goals—whether you’re protecting your paycheque, your business, or both.