Disability Insurance
Disability insurance offers a monthly cash benefit, helping replace lost income during illness or injury recovery, minimizing financial and emotional stress from a disrupted paycheque.
What is disability insurance?
Disability insurance in Canada is a financial protection product designed to provide income replacement in the event of an individual's inability to work due to illness or injury. This insurance offers a tax-free monthly income replacement, typically ranging from 60% to 90% of the individual's regular income, helping to cover living expenses during the period of disability.
Disability insurance can be crucial in maintaining financial stability for individuals and their families during unexpected health challenges. The coverage is designed to replace lost income and support individuals as they recover and rehabilitate
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Benefits of choosing Disability Insurance
Income Protection
Disability insurance provides a source of income if you are unable to work due to a disability, helping to cover living expenses and maintain your standard of living.
Protection of Savings
It helps protect your savings and retirement funds by providing income support, reducing the need to dip into savings to cover daily expenses.
Financial Security
It ensures financial stability for you and your family by replacing a portion of your lost income during a period of disability.
Rehabilitation Support
Many disability insurance policies offer rehabilitation and return-to-work programs to help you recover and get back to work as soon as possible.
Peace of Mind
Knowing you have disability insurance can reduce stress and anxiety about how you would manage financially if you were unable to work.
Customized Coverage
Policies can be tailored to fit your needs, with options for short-term and long-term coverage, as well as additional riders for enhanced protection.
Coverage for Illness and Injury
Disability insurance covers a wide range of conditions, including illnesses and injuries that prevent you from working, not just workplace accidents.
Tax Benefits
In some cases, disability insurance premiums and benefits may be tax-deductible, providing potential tax savings.
Grow Wealth Waves. Here to help.
Made for Canadians
We honor the uniqueness of Canadians and are dedicated to offering insurance tailored to your specific needs.
Insurance made simple
Opt for a direct approach to secure coverage with minimal paperwork and medical tests. After all, who needs extra paperwork in their life?
Flexible coverage
Our team of licensed advisors, based in Canada, is ready to assist you in finding the most suitable coverage for your requirements. We're here to provide guidance and support throughout your entire insurance journey.
Trusted experience
Your policy is supported by an insurers with a long-standing history of safeguarding Canadians, providing you with the assurance that you're in capable hands (if we may say so ourselves).
Frequently asked questions
Who is Grow Wealth Waves?
Grow Wealth Waves provides reliable insurance tailored for Canadians, which includes you. Our mission is to ensure that more Canadians have the insurance coverage they require precisely when it's most essential. In simpler terms, we're dedicated to reducing your worries and allowing you to focus on living life to the fullest. Our insurance policies are underwritten by federally regulated life insurance companies with a distinguished 100-year history of protecting Canadians.
What Insurance products does Grow Wealth Waves offer?
Grow Wealth Waves offers straightforward non-medical life insurance, critical illness insurance, disability insurance, and final expenses insurance tailored for Canadians. Our application process is simple and our policies are easy to comprehend. With Grow Wealth Waves Life Insurance, you can secure a cash payout ranging from $100,000 to $1.5 million, ensuring the financial well-being of your loved ones after your passing. Additionally, our Grow Wealth Waves Final Expenses Insurance provides a lump sum payout of up to $50,000 to assist in covering funeral expenses and any other financial burdens you may leave behind.
How does Grow Wealth Waves helps Canadians?
Life is brimming with significant goals to prepare for, yet unforeseen challenges can also crop up. Regardless of the circumstances, Grow Wealth Waves insurance coverage proves invaluable. Our approach is refreshingly straightforward, with no unnecessary complexity. We provide dependable coverage that ensures you're well-prepared, granting you peace of mind and a good night's sleep.
Why choose Grow Wealth Waves?
Whether you're embracing the arrival of a new family member, enhancing your home, dealing with health issues, or coping with the loss of a loved one, life often leads us down unexpected paths. In these moments, you require insurance coverage that offers reassurance. Grow Wealth Waves's insurance solutions provide the assurance that your loved ones will receive the necessary financial support in case you're no longer there to provide it .Reach out to one of our licensed agents to discover just how swift and straightforward it is to secure coverage, allowing you to return to the more enjoyable aspects of life.
Who can I speak to if I have a question about my policy?
Our seasoned team is dedicated to ensuring your insurance experience remains easy and uncomplicated. You can reach us at 1-888-598-7588, Monday to Friday, from 8 am to 8 pm (ET), or drop us an email at [email protected]. We're here to assist you.
Simple coverage you can trust
Our certified advisors will assist you throughout the entire process, from the beginning to the end. Call 1-888-598-7588
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