Most Canadians insure their home, car, and health. But what about your income — the one thing that supports all of it? At Punjab Insurance Calgary, we help individuals and families across Calgary and YYC protect their income with customized Disability Insurance plans.

Disability or illness can strike unexpectedly — affecting your ability to work and earn. Disability Insurance ensures that you continue receiving a portion of your income during such difficult times, helping you maintain your lifestyle, cover bills, and support your family.

What Is Disability Insurance?

Disability Insurance, also known as Income Protection Insurance or Loss of Income Coverage, provides financial support if an injury or illness prevents you from working. It pays you a tax-free monthly benefit (in most cases) to help cover your daily expenses until you can return to work.

Whether you’re a self-employed contractor, business owner, or salaried employee, this insurance can help bridge the financial gap during periods of disability.

Why You Need Disability Insurance in Calgary

• 1 in 3 Canadians will experience a disability that lasts longer than 90 days before age 65
• Government disability benefits often don’t cover full income replacement
• Group benefits may be limited or unavailable for self-employed or contract workers
• Most families rely heavily on two incomes — even temporary loss can impact savings or debt

Key Features of Disability Insurance Plans

• Monthly Income Replacement during disability
• Customizable Elimination Periods (waiting period)
• Flexible Benefit Periods — from 2 years to age 65
• Options for Gross Revenue or Earned Income coverage
• Tax-free benefits (in most cases)

Types of Disability Insurance Plans We Offer

Non-Cancellable (Non-Can)

• Cannot be canceled or changed by insurer
• Premiums and terms guaranteed
• Strong, long-term coverage stability

Guaranteed Renewable (GR)

• Cannot be canceled; premiums may change on a class basis
• Great balance of stability and flexibility

Conditionally Renewable (CR)

• Coverage can be updated based on class (e.g., occupation or province)
• Easier to qualify for — ideal for certain professionals