Income Protection 101
Life, Disability and Income Insurance — a unique product offered through Hudson’s Bay Financial Services — can help protect your paycheque in the event of a disability. Should you experience involuntary job loss, Life, Disability and Income Insurance can also help you meet your financial obligations while searching for work.
Although government programs are available to help, they aren’t always enough to cover necessary expenses. Different coverage options for Life, Disability and Income Insurance combine disability, unemployment and life insurance benefits to suit your specific needs.
|Insurance Benefit||Monthly Payment|
|Disability & Unemployment $200 a month||$19.99|
|Disability, Unemployment & Life $250 a month, plus $5,000 Life Coverage||$36.99|
|Disability, Unemployment & Life $500 a month, plus $10,000 Life Coverage||$72.99|
|Disability, Unemployment & Life $750 a month, plus $15,000 Life Coverage||$109.99|
|Disability, Unemployment & Life $1,000 a month, plus $20,000 Life Coverage||$145.99|
WithLife, Disability and Income Insurance, you are eligible to receive a monthly benefit that can be used for anything from mortgage payments to grocery expenses or car repairs. Coverage is guaranteed to everyone between the ages of 18 and 69, and it’s simple to access benefits.
As long as you were gainfully employed for six consecutive months prior to claiming a disability, you can access benefits in as little as 30 days after the certificate effective date. Monthly benefits are paid out for a maximum of six months.
You’re eligible to receive unemployment benefits if you were laid off from work 90 days after the certificate effective date. The monthly payout is available for up to six months while you look for a new job.
Protect your paycheque with Life, Disability and Income Insurance. With plans starting as low as $19.99 a month, you’ll have the financial security to help you and your family in case of disability or involuntary job loss. You’ll also earn up to 8,000 Hudson’s Bay Rewards points when you sign up and every year on renewal.1
Protect your paycheque and
get guaranteed coverage in under three minutes.
For more than six decades, Canadian Premier Life Insurance Company has been committed to providing financial security for Canadians who are facing uncertainties. They now insure more than 1 million Canadians from coast to coast.
¹ Each Hudson’s Bay Rewards points offer is limited to one Rewards account per household. Rewards points will be issued within four to six weeks.