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Disability Income Insurance - Momentum
Momentum disability income insurance provides you with a source of income to replace your salary during a period of disability resulting from an accident or illness.
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Who Should Consider Disability Income Insurance? |
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Persons who have jobs that do not provide a group insurance
plan:
- self-employed workers;
- small-business owners;
- employees, whether or not they are covered by the Workers'
Compensation Act. |
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Features and Advantages of Momentum |
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Momentum provides you with disability income insurance in the event
of an accident.
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You receive monthly benefits of between $500 and $4,000 (up to a
maximum of 70% of your monthly income).
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Your benefits are paid for two years or until you reach the age
of 60.
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You may choose a waiting period of 0, 30 or 120 days.
The waiting period is the period between the beginning of the disability
and the beginning of benefit payments.
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Additional protections—disability income insurance in the
event of an illness, business overhead expense insurance and hospitalization
insurance—are available.
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