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.

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. Individual insurance disability benefits are not taxable.