Disability Insurance - Yasmin Bedoya
Home / Disability Insurance

Disability Insurance

PROTECTING YOUR LARGEST ASSET—YOUR ABILITY TO EARN

Shield your family from unforeseen health setbacks with a tailored monthly tax-free benefit

What would happen to your financial stability if an accident or illness prevented you from working tomorrow? Most Canadians insure their cars and homes, yet forget to insure the very income that pays for them. Disability insurance is designed to shield your family from unforeseen health setbacks by providing a monthly tax-free benefit to cover your mortgage, bills, and lifestyle.

Tailored Solutions for Every Budget and Need

The most important part of my role as a broker since 2020 is ensuring you are in a "vehicle" that you can actually afford and that meets your specific objectives. We don’t believe in a one-size-fits-all approach. We can customize your coverage based on:

Monthly Benefit Amount

Monthly Benefit Amount

Typically replacing 60-85% of your pre-tax earnings to maintain your standard of living.

Elimination Period

Elimination Period
(Waiting Period)

You can choose how long you are willing to wait before benefits kick in (e.g., 0, 30, or 112 days), which directly impacts your premium cost.

Benefit Duration

Benefit Duration

Whether you need protection for 2 years, 5 years, or until age 70, we tailor the timeframe to your long-term goals.

Definition of Disability

Definition of Disability

We offer specialized "Own Occupation" or "Regular Occupation" definitions to ensure you are covered if you cannot perform your specific professional duties.

Book a Free Consultation

Why The Knowledge Gap Matters

Many people rely solely on their employer’s group plan without realizing the limitations. As your broker, I help you understand the "Why" behind your policy:

Portability

Portability

Unlike group benefits, a personal policy follows you even if you change jobs or start your own business.

Tax-Free Benefits

Tax-Free Benefits

When you pay your own premiums, the benefits you receive are generally tax-free, whereas group plan benefits may be taxable.

Contractual Guarantee

Contractual Guarantee

Your personal policy is a legal contract that the insurance company cannot cancel as long as you pay your premiums.

Protect Your Future Earnings Today

Don't wait for an accident to happen before realizing your income isn’t protected. Let's build a tailored disability strategy that fits your budget.

Book a Free Consultation
Yasmin Bedoya — Independent Insurance Broker in Calgary, Canada
WHY IT MATTERS

The Broker Advantage

The biggest mistake many Canadians make is walking into their local bank and accepting a "one-size-fits-all" policy. As an independent broker licensed since 2020, I work for you, not the insurance companies.

  • Custom Comparison I analyze the top Canadian carriers to find the best rates and coverage terms.
  • Bilingual Guidance (EN/ES) I explain complex clauses in both English and Spanish, so you fully understand your beneficiary designations and policy riders.
  • No Judgment My approach is rooted in transparency and honesty, focusing on your specific financial roadmap.

Frequently asked questions disability insurance

Is my employer’s group plan enough to protect me?

Group plans are a great foundation, but they often have "caps" on maximum benefits and, most importantly, they are not portable. If you leave your job or the company changes its policy, your protection vanishes. A personal disability policy is owned by you, follows you throughout your career, and can be customized to cover your full income without employer-imposed limits.

What qualifies as a "Disability" under these policies?

Whether an accident occurs during work hours, while on vacation with your family, or on a simple day off, your policy can provide 24-hour coverage depending on how we set up your plan. A "disability" is defined by your inability to work due to a physical injury or a health condition, and we prioritize an “Own Occupation” definition; this ensures you are considered disabled if you cannot perform the specific duties of your profession, even if you could technically work in a different field.

Can I afford this as a self-employed professional or contractor?

Absolutely. One of the biggest advantages of working with a broker is that we can adjust the Elimination Period (waiting period) to fit your cash flow. If you have an emergency fund for 90 days, we can set your policy to kick in after that, which significantly lowers your monthly premium. We build a strategy that protects your future without straining your present.

How long will I receive benefits if I can't work?

This is known as the Benefit Duration. Depending on your goals and budget, we can tailor the coverage to last for 2 years, 5 years, or all the way until age 70. My role is to ensure that your "Income Protection" pillar aligns with your long-term financial plan and retirement goals.

Are the disability benefits taxable in Canada?

This is a crucial distinction. If you pay your own premiums with after-tax dollars (a personal policy), the monthly benefits you receive are generally 100% tax-free. Many group plans, where the employer pays part of the premium, result in taxable benefits, meaning you receive much less than you expected when you need it most.

Book a free consultation now

We'll discuss your next best steps during this brief call; your information is secure and we are committed to confidentiality.