Health and disability insurance products protect you in case of illness or accident. The purpose of this insurance is to cover loss of income and additional expenses incurred due to an illness or accident (extended care, prosthesis, medications, etc.). Based on the coverage chosen, you could receive a lump sum, monthly payments or reimbursement of certain expenses.

At iA Private Wealth | Raymer Financial, we offer three categories of health and disability insurance:

Disability and income insurance

Disability and income insurance allows you to benefit from a source of replacement income when you are unable to work due to an illness or an accident. The coverage offered can provide replacement income of up to $10,000 per month, for the short or long term, which can be 2 years, 5 years or up to age 65. You can also cover loan repayments and even rent, if you are a tenant.

This coverage is ideal for employees who do not have group disability insurance through their employer, as well as self-employed workers and small business owners. Even better, individual insurance disability benefits are not taxable.

Critical illness insurance

Being diagnosed with an illness is something that can have a negative impact on your personal and family finances. Critical illness insurance provides you with financial assistance so you can maintain your standard of living and focus on what matters—recovery.

Our products cover the critical illnesses that affect Canadians the most. If you are diagnosed with a critical illness that is covered by your policy, you will receive a tax-free lump sum payment to help you cover the costs of the illness. You can use the money as you see fit, without having to justify how you spend it!

Accident insurance

You don’t have to be an elite athlete to be at risk of an accidental injury! Many people are injured simply doing everyday activities such as housework or renovations or outdoor activities like hiking.

Accident insurance helps you cover the costs of an accidental injury, such as a broken bone or the loss of use of a limb.

Our products are designed to suit your needs. We offer comprehensive individual and family plans. No medical exam is required for this insurance.

The importance of having health and disability insurance

The unexpected can happen at any time. Whether you suffer an accident, an illness or any other reason for disability, the consequences can be difficult emotionally as well as financially.

If something were to happen, knowing that you’re covered by health and disability insurance can help you focus on your recovery, without worrying about your financial situation. You’ll have the peace of mind you need to recover.

Meet with a Senior Wealth Advisor to answer any further questions you might have about purchasing health & disability insurance.  We’re here to help you plan your finances so that you can focus on your future plans.