Protect Yourself from a Disability — With Coverage That Fits Your Budget
At Citadel Financial Wealth Group (CFWG), we believe your ability to earn an income is your most valuable asset. If illness or injury stops you from working, disability insurance can protect your financial future — ensuring your bills are paid, your family is supported, and your savings stay intact.
Disability insurance provides monthly income replacement if a covered illness or injury prevents you from working. The payments are tax-free and can replace up to 85% of your regular income, depending on your policy.
This protection helps you:
Pay rent or mortgage
Cover utilities, groceries, and child care
Manage loan payments and credit obligations
Focus on recovery, not financial stress
1 in 7 Canadians live with a disability
(Government of Canada – Disability Reference Guide)
Less than 10% of disabilities are caused by accidents
(WebMD – Top Causes of Disability)
1 in 3 Canadians will be disabled for 90+ days before age 65
(OSFI – Actuarial Report on the Canada Pension Plan, 2022 – Disability Insurance Statistics)
The average long-term disability lasts 2.9 years
(Canada Life – Disability Insurance Basics)
Injury or illness is the #1 cause of mortgage defaults
(Government of Canada – Mortgage Relief Options)
Disability insurance doesn’t just cover physical injuries — it also includes many common and unexpected medical issues:
Life-threatening cancer
Heart attack or stroke
Mental health conditions (e.g., depression, anxiety)
Chronic illnesses (e.g., multiple sclerosis, arthritis)
Serious injuries (e.g., car accidents, workplace trauma)
Complications from surgery or illness recovery
Most disabilities are not caused by accidents — more than 90% are due to illness.
Coverage is subject to underwriting approval and varies based on the specific policy you select. The actual conditions covered, eligibility, and benefits will depend on the insurer’s final review and approval of your application. Terms, conditions, and exclusions may apply.
Keep your lifestyle and financial commitments even if illness or injury takes you off the job.
Employer plans often fall short. Get full control over your benefit amount, waiting period, and coverage length.
Most disabilities are caused by illness, not injury. Private disability insurance covers both.
Focus on your recovery — not your bills. A small monthly premium protects your greatest asset: your ability to earn.
If you become sick, you're covered. If you stay healthy, you can receive a full or partial refund of the premiums you paid.
Coverage lasts a few weeks to 6 months
Helps with short recovery periods like surgery or injury
Often provided through employers
Coverage can extend for years — or until retirement
Protects your income in the case of chronic illness or serious injury
Ideal for self-employed individuals or those without workplace benefits
| CPP Disability Benefit | Private Disability Insurance | |
|---|---|---|
| Max monthly benefit (2025) | $1,673.24 | Up to 85% of your income |
| Who qualifies? | Must meet CPP contribution + medical criteria | Customizable to your needs |
| Flexibility | Fixed rules and strict eligibility | Tailored waiting periods, benefit periods, and payout size |
Some disability policies offer a Return of Premium feature. If you don’t make a claim over the life of the policy, you may get some or all of your premiums refunded — tax-free.
💡 Think of it as “use it or get it back” coverage. Ask your CFWG advisor if an ROP rider is right for you.
Not sure how much disability insurance is right for you? Here’s a quick guide:
Add up your monthly expenses (housing, food, childcare, etc.)
Estimate your emergency fund and how long it can last
Check what group coverage you already have
Replace 60–85% of your after-tax income with disability coverage
Check your price: no commitment, just quotes!
Apply online when you’re ready.
Licensed Canadian advisors are available by phone Monday to Sunday.
Give us a call at: +1 (877) 273-5614
Our advisors care, so there’s no pressure or upselling.
Yes — individual disability insurance is ideal for contractors, freelancers, and business owners.
Depending on your plan: 2 years, 5 years, or up to age 65.
The time before benefits begin — often 30, 60, or 90 days after disability begins.
If you pay your own premiums, the monthly benefit is 100% tax-free.
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© 2025, Citadel Financial Wealth Group (CFWG). All rights reserved. Citadel Financial Wealth Group is a licensed insurance brokerage in Canada, proudly serving individuals, families, and businesses across the country.
CFWG offers life, health, and group insurance products through partnerships with many of Canada’s leading insurers. Insurance policies are subject to underwriting approval and may include limitations, exclusions, or waiting periods. Always refer to your official policy documents for complete terms and coverage details. In the event of any conflict, your policy contract will take precedence over information presented on this website or in any CFWG print or digital content.
CFWG is licensed and operates in the following provinces and territories:
Ontario (FSRA #36494M)
Alberta (License #5-11164367-2020 & 6-11164367-2020)
British Columbia (License #2022-0036740-R01)
Saskatchewan (License #09178)
Newfoundland and Labrador (License #23-78-CI090-1)
New Brunswick (License #210031147)
Nova Scotia,(License #2333071070000)
All pricing comparisons displayed on this website are based on current publicly available rates and may vary based on your health, age, coverage amount, and insurer. Timeframes for approval and policy issuance may vary depending on your application and underwriting requirements. In some cases, additional documents or medical examinations may be necessary.
Head Office:
150 King Street West, 2nd Floor, Suite 335
Toronto, Ontario M5H 1J9, Canada
