Income replacement in the event of disability - DFS - Desjardins Life Insurance · 2015-11-20 · disability insurance. For a monthly benefit over $1,200: • If you do not receive

PerSOnaLized diSabiLiTy and heaLTh care PrOTecTiOn FOr rePreSenTaTive USe OnLy

Income replacement in the event of disability

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EligibilityPremiumsBenefits

What if you suffer another disability?If you suffer another disability (not related to the initial or last disability), you will receive a new benefit after a second waiting period has elapsed. This will continue to be paid until the benefit period has expired.

Recurrent DisabilityWhen you recover from a disability and then become disabled again due to the same cause, this second disability is considered to be a recurrence of the first. In this case, a second waiting period will not apply before you start receiving benefits. For a disability to be considered a recurrent disability, it must occur within six (6) or twelve (12) months of the first disability, depending on your occupational class.

Presumptive total DI

If you suffer from a total and irreversible loss of sight, hearing, speech, the use of both hands or both feet or of one hand and one foot, you will be presumed to be totally disabled whether or not you are able to work or require treatment by a physician, and you will automatically receive your disability benefits.

Organ donationIf your disability is the result of organ donation, you will be eligible to receive your disability benefits if your insurance has been in force for at least six (6) months1.

RehabilitationWhile you are receiving your monthly SOLOTM benefits, Desjardins Financial Security (DFS) will pay the cost of services related to a rehabilitation program. This program must be pre-approved by DFS and must not be covered by any other disability insurance coverage.

COMPLeTe ReCOveRy

COMPLeTe ReCOveRy

Insurance purchase

Insurance purchase

you pay your premium




Disability

Disability

Other Disability

recurrence Of the same Disability

Waiting period

Waiting period

Waiting period

you receive your benefits




Successive disabilities

Recurrent disability

1 Some conditions apply. Consult your representative’s guide.

Self-employed workers

Business owners and entrepreneurs

employees with or without a group plan

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What do you think your most valuable asset is? Is it your property… your vehicle… your investments or other?

earnings

age $24,000 $36,000 $48,000 $60,000 $100,000

25 $1,809,630 $2,714,445 $3,619,260 $4,524,076 $7,540,126

30 $1,451,090 $2,176,635 $2,902,180 $3,627,725 $6,046,208

35 $1,141,810 $1,712,715 $2,283,620 $2,854,525 $4,757,542

40 $875,022 $1,312,534 $1,750,045 $2,187,556 $3,645,926

45 $644,889 $967,333 $1,289,778 $1,612,222 $2,687,037

50 $446,374 $669,561 $892,748 $1,115,935 $1,859,891

55 $275,133 $412,700 $550,266 $687,833 $1,146,388

60 $127,419 $191,129 $254,839 $318,548 $530,914

note: These figures are based on current annual income assuming a 3% pay increase each year.

From this perspective, your lifetime earnings are probably greater than the combined value of your other assets.

Therefore, the most valuable asset from a financial point of view is your earning power! It certainly enables you to maintain or even increase the standard of living you and your family deserve.

Did you know that 37% of default payments on mortgage loans are due to a disability? Source: Statistics Canada

There is a 1 in 3 chance that you’ll experience a period of disability that lasts for 90 days or longer by the age of 65. Source: Statistics Canada

If you were at a crossroads, would you feel confident about selecting a path, knowing that one of the three will certainly lead to a disability?

have you ever thought about how much money you will earn by working up to age 65?

What is the biggest threat to this valuable asset? a disability.

average length of a long-term disability

age length

25 2.1 years

30 2.5 years

35 2.8 years

40 3.1 years

45 3.2 years

50 3.1 years

55 2.6 years

60 1.6 years

Source: 1985 Commissioner’s Disability Table a (experience Table) (Individual Insurance)

How to submit a disability claim?1. Visit your general physician

visit your doctor as soon as you can so that your health condition is on record. The first consultation that follows your sick leave will be used as proof of your disability start date.

2. contact the insurance company or financial representative

you can start by contacting your financial representative who will be able to guide you through the necessary steps to follow.

Several documents are required:

a) a preliminary statement authorizing the collection of applicable information as well as information from your employer.

b) a medical report completed by your attending physician. If your waiting period is greater than 30 days, you must also provide information in your medical chart.

c) Proof of your income and business expenses, if you are covered by SOLOTM Business expense protection.

3. adjudication of your claim

Once all of your documentation is received, your claim will be processed within seven (7) business days. One of the main factors that must be determined in this analysis, is whether you meet the definition of total disability.

4. Disability benefit payment

Once eligibility is approved, you will start receiving your pre- selected monthly benefit after the waiting period has been satisfied.

Definition of Total DisabilityDuring the waiting period and the 241 months immediately following, you are considered totally disabled if, following an illness or accident:

• Youareunabletoperformthekeydutiesofyourregularoccupation2; and

• Youarenotworkinginanygainfuloccupation;and• Youarereceivingcontinuousmedicalcare.

If you have selected the Regular Occupation Period extender rider (see p. 8), after receiving benefits for this 24-month period, you will continue to receive benefits based on the criteria below.

If not, you will be considered totally disabled based on the following criteria:

• Youarereceivingcontinuousmedicalcare;and• Youareunabletoperformareplacementoccupation;and• Youarenotworkinginanygainfuloccupation.

If this is not the case, you will be evaluated based on your ability to carry out a replacement occupation that takes into consideration your training and experience, and that enables you to earn at least 60% of what you were earning prior to the disability.

DFS may waive the continuous medical care requirement if we receive acceptable written proof indicating that further medical care would be of no benefit to you.

1 This period is 12 months for disability insurance with a 12-month benefit period.2. an insured person who does not work in any gainful occupation or who did not work at least

20 hours/week during the four weeks immediately preceding the disability start date, must instead be incapable of performing a replacement occupation.

Guaranteed benefit for 4A or 3A business owners

If your income after expenses and before taxes is at least $20,000 and you have 20% ownership in the business, your monthly benefit is guaranteed!

In other words, no integration applies on the first $1,200 of monthly benefit for the first 36 months and absolutely no coordination with any other plans.

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How much does disability insurance cost?Disability insurance premiums are based on your age, health, and occupational class, and on the options you select, which means that premium rates vary widely from one person to another. your financial representative is in the best position to help you determine the appropriate protection based on your needs and goals as well as calculate the cost of this coverage to suit your budget.


What is an occupational class?It is a classification used by an insurance company to determine the level of risk associated with your job. The level of risk takes into account both the possibility of work-related illnesses and accidents as well as the possible duration of your occupation. at Desjardins Financial Security, your occupation is assigned a rating (4a, 3a, 2a, a, B, or x), which affects the cost of your disability insurance.

For a monthly benefit over $1,200:• Ifyoudonotreceiveasalary/income,pleaseprovideacopyofyourtaxreturnforthepasttwoyears.

• Ifyourpremiumsarepaidbyyouremployeraspartofadisabilityinsuranceplan,pleasecompleteaDFSModificationform.

• Forbenefitamountsof$4,000ormore,pleasecompleteaformauthorizingthereleaseofdrivingrecordinformation(QuebecandAlbertaonly).

How does eligibility for disability insurance work?To purchase disability protection, you must meet certain medical underwriting and financial criteria that are based on your age and the benefit amount you select.

age General, medical, and financial information

questionnaireUrine test Visit from a

nurse

Complete blood count

(CBC)Resting ECG Driving

recordInspection

report

benefit amOunt = $2,000 Or less

18 to 45 ✓46 to 55 ✓

56 + ✓benefit amOunt = $2,001 tO $3,999

18 to 45 ✓46 to 55 ✓ ✓ ✓

56 + ✓ ✓ ✓benefit amOunt = $4,000 tO $6,000

18 to 45 ✓ ✓ ✓ ✓ ✓46 to 55 ✓ ✓ ✓ ✓ ✓

56 + ✓ ✓ ✓ ✓ ✓ ✓benefit amOunt = $6,001+

18 to 45 ✓ ✓ ✓ ✓ ✓46 to 55 ✓ ✓ ✓ ✓ ✓

56 + ✓ ✓ ✓ ✓ ✓ ✓

note: additional tests, medical exams, inspection or doctor(s) reports or any other information may be requested by the insurer at any time.

Without your most valuable asset, how long would it take to affect your standard of living?Imagine that over the next six months, due to an illness or accident, your life took on a single purpose: recovery.

How long would you be able to continue paying your current expenses? Two weeks? Two months? Two years?

During your recovery, who would take care of you or your children? How would your business operate? What about your family or clients? What additional costs would be incurred?

calculate your regular monthly expenses (that would also be due during a disability).

Rent or mortgage $

Food $

Utilities $

Municipal and school taxes $

Vehicle (fuel & maintenance) $

Loans $

Credit card balances $

Property insurance $

Life insurance $

Home maintenance $

Childcare $

Tuition $

Retirement savings $

Other $

tOtal mOnthly eXPenses $

Which of the following options are available to help you maintain your standard of living and cover any additional expenses related to a disability?

✓ available Options?how long will they last? What percentage of your income will they replace?Will they affect your budget? your financial future?

Group insurance

employment Insurance (eI)

Savings

Personal loan

Spousal income

CPP/QPP

Sale of assets

Other

Wouldn’t you rather preserve your savings and avoid liquidating your assets or taking out a loan in the event of a disability? Receive a monthly benefit to replace your income and cover all your expenses during your recovery from a disability.

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SOLOTM Disability Income pays you a monthly benefit to replace your income or salary when you are not able to work due to an illness or accident. The amount of the monthly benefit is based on your monthly salary and is paid to you for a pre-selected period of time.

The benefit can be used to cover your living, business, or rehabilitation expenses; without spending your hard earned savings or liquidating assets during a period of time when you should be focusing on a complete recovery.

Disability Income

eligibility requirementsTo purchase SOLOTM Disability Income, you must:

1. be 18 to 60 years of age;

2. be employed;

3. work at least 30 hours per week anD:

a. be employed at least 40 weeks per year; OR

b. be employed between 35 and 39 weeks per year and select a waiting period of at least 60 days;

4. satisfy the complete financial and medical underwriting criteria1.

• Alzheimer’sDisease• AorticSurgery• AplasticAnemia• BacterialMeningitis• BenignBrainTumour• Blindness• Cancer• Coma• CoronaryArteryBypass

Surgery• Deafness• HeartAttack• HeartValveReplacement• KidneyFailure

• LossofIndependence• LossofLimbs• LossofSpeech• MajorOrganTransplant• MajorOrganFailureon

Waiting List• MotorNeuronDisease• MultipleSclerosis• OccupationalHIV• Paralysis• Parkinson’sDisease• SevereBurns• Stroke

covered illnesses/conditions:

unique Features!no integration on the first $1,200 of benefits – guaranteedFor the first 36 months of your disability, the first $1,200 of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

Critical Illness Benefita critical illness may not always lead to a total disability; however, the result is often an increase in medical costs and an immediate absence from work.

With this built-in feature, if you are diagnosed with 1 of the 25 critical illnesses/conditions covered, you will receive a tax-free, lump sum payment equal to 5 times your monthly disability benefit.

RRSP Benefita long-term disability may not only force you spend your savings, but it may also have a significant impact on your ability to save for retirement.

SAVINGS

DEBT

Before a Disability

Income exceedsExpenses = Savings

TIME

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Onset of a Disability

Income drops & Expenses rise = Savings dwindle

EXPENSES

SAVINGS

EXPENSES

Long-termDisability

Income drops & Expenses rise

further = Debt Incurred

EXPENSES

as a result, in addition to your monthly benefit, an extra 5% of the monthly benefit will be deposited into a DFS RRSP or savings account of your choice, on the 13th month of your disability income payment.

Death BenefitIn the event of death while receiving disability benefits, your designated beneficiary will receive a tax-free, lump sum payment equal to 5 times your monthly benefit, whether or not your death is related to your disability.

Self-employed workers, business owners, employees with

or without a group plan...

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Freelegalassistanceservice!Your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences. Legal experts are available to inform you of your rights and will guide you towards any legal resources you might require. This service does not form part of the policy contract and may be discontinued at any time without any notice.

Insurance that adapts to your needs!Exchange clause In today’s marketplace, it is natural that you may decide or be forced to change or embark on a new career path. More and more people are deciding to start their own business, or alternatively, decide to accept a salaried position.

With this built-in exchange clause, during the first seven (7) years, and before age 65, you can decide to convert your disability income coverage into business expense protection (or vice versa), for the same monthly benefit amount. This exchange clause will be based on your age when the contract was purchased and will not require any further medical evidence.

Supplementary Benefits!Description of the disability benefitCost of LivingDuring your career, your income is generally protected against inflation by annual salary increases or price increases to the products and services you provide.

The Cost of Living rider protects your income by increasing your monthly benefit when a total or residual disability period extends beyond 12 consecutive months. This increaseisbasedonStatisticsCanada’sConsumerPriceIndex, subject to an annual maximum of 5%.

PartialDisabilityDespite your disability, if you continue to work on a part-time basis, most standard disability protection will not pay a monthly benefit unless you are totally disabled.

ThePartialDisabilityriderapplieswhenyouarepartiallydisabled, or when you are gradually returning to work as part of your recovery from a total disability. It helps to bridge the gap between your pre-disability income and the income you are able to earn while you are disabled.

You will receive 50% of your monthly benefit with no integration on the first $600. This benefit will continue to be paid until the shortest period listed below :

• 12months(occupationclasses4Aand3A) or 6 months (occupation classes 2A, A and B)

• Theendofthepre-selectedbenefitperiodminus any benefit periods already paid.

Residual DisabilityIt may take some time for you to recover, and in some cases, you may never fully do so. Even if you return to work, youmaynotbeabletoachieveyourpre-disabilityincome/earnings.

The Residual Disability rider pays you a benefit that is equal tothesumofthelostincome.Forexample,ifyourincomeis reduced by 40%, you will receive 40% of the monthly benefit.Furthermore,ifyourincomedropsby80%,you will receive 100% of your monthly benefit.

To receive the Residual Disability benefit, your loss of income must represent at least 20% of your income, whether full- or part-time, and you must receive continuous medical care. It is paid to you up until the pre-selected benefit period minus any benefit periods already paid.

ReturnofPremiumDisability income insurance safeguards you against the loss of income due to a disability. But what happens to your premiums if you never suffer a disability?

Whether or not you ever become disabled, you have the option of receiving 50% of the premiums paid, minus any monthly benefits paid.

The refund of premium is available on the following optional surrender dates:

1) The later of:

• Thepolicyanniversaryclosesttoyour55thbirthday;

OR

• The10thanniversaryofyourpolicycontract.

2) The policy anniversary closest to your 65th birthday.

If you decide to receive the refund of premium between the ages of 60 and 65, the return of premium percentage will be reduced by 5% per year for each year prior to age 65.

FutureInsurabilityIn the event that your career path changes, the monthly benefit amount you select today may not meet your future income needs. With age, your health may also begin to deteriorate which may prevent you from being eligible for higher benefits.

TheFutureInsurabilityriderenablesyoutoincreaseyourbenefit amount based on your future needs, without having to submit new medical evidence.

You can request up to five increases of up to 20% of the pre-selected benefit amount. These increases are available at each policy anniversary up to age 56 providing you are not receiving benefits.

RegularOccupationPeriodExtenderAfter 24 months of total disability, to continue to be eligible to receive benefits, you must not only be unable to perform your regular occupation, but you must also be unable to perform any other occupation in accordance with your education, training and experience.

TheRegularOccupationPeriodExtenderriderprolongsyoureligibility for monthly benefits, if you continue to be totally disabled and are unable to perform the duties directly related to your regular occupation, by five (5) years or up to age 65.

Benefit amountYou can select a benefit amount between $400 and $10,000 per month.

This amount is based on your annual income and occupation class1.

Waiting periodThe waiting period is the length of time that must elapse before the benefit is paid. You have 8 options:

Days: 14 30 30+ 60 90 90+ 120 730

• The“+”signmeansthatthebenefitispaidstartingon the first day in the event of an accident.

• Forwaitingperiodslessthan120days,thebenefitis paid on the first day in the event of hospitalization or day surgery.

• Youdonothavetobecontinuouslydisabledtosatisfythewaiting period; for instance, you can combine successive disability periods of seven (7) days or more to meet the waiting period if it results from the same cause.

Benefit periodThe benefit period is the length of time you are disabled and receiving monthly disability benefits. You have 3 options:

• 2years• 5years• Uptoage65

PremiumpaymentsYou have 2 options:

• 10-yearlevelpremium:Youpaythesameamountfor ten (10) years. After each 10-year interval, your premium is adjusted based on your current age and the premium rates in-force at that time.

• Levelpremiumtoage65:Yourpremiumiscalculated so as to remain the same until age 65.

You can convert the 10-year level premium to level premium to age 65 (or vice versa) at any policy anniversary.

During a period of disability, your premium payments are waived after the waiting period has been satisfied and for as long as a monthly benefit is paid to you.

PolicyorcoverageterminationYour disability insurance protection ends on the earliest of the following events:

• Upondeath• Atage65• Policylapsedate

Continuation of benefits You can, however, continue your coverage after age 65 if the insurance is converted to a Term 1 (YRT) disability plan. Your premium will be adjusted each year based on your current age and the rates in-force at that time.

To be eligible, you must be working full-time and cannot be disabled. A medical examination is not required.

1Foradditionalinformation,seepage26.



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1) The later of:


OR












Days: 14 30 30+ 60 90 90+ 120 730
















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SOLOTM Business Expense protection pays you a monthly benefit to help cover your overhead costs which keep your business in operation when you are unable to work due to an illness or accident.

The monthly benefit would cover fixed operating expenses such as rent, utilities, taxes and payroll while you take the necessary time to recover.

SOLOTM Disability Income and SOLOTM Business Expense are great financial solutions for business owners with small to medium-sized companies.

Eligibility requirementsTo purchase SOLOTM Business Expense, you must:


2. be employed;

3. have been working for your current company for at least two (2) years or meet the continued employment criteria AND:

4. work at least 30 hours per week AND


b. be employed between 35 and 39 weeks per year and select a waiting period of 90 days or more;


• Rent,hydro,telephoneandotherutilities

• Payroll2

• Employercontributiontoagroupinsuranceplan,employeepensionplan,CPP/QPP,workers compensation, HRDCand the provincial health plan

• Householdmaintenance

• Professionalservicesofanexternalaccountant

• Leasinganddepreciationofequipment,includingautomobiles

• Professional/associationdues

• Businesstaxesandlicences

• Depreciationofequipmentandpremises belonging to the insured

• Postagestampsandotherpostageandofficesupplies

• Propertytaxesfortheplaceofbusiness

• Interestcharges,exceptforthoseonover-drawnaccounts

• Professionalliabilityinsurancepremiums

• Amortizationorperiodicrepaymentofcapital,including mortgages2

• Fire,theftandcasualtyinsurancepremiums

Eligible business expenses:

Insurance that adapts to your needs!Exchange clauseIn today’s marketplace, it is natural that you may decide or be forced to change or embark on a new career path. More and more people are deciding to start their own business, or alternatively, decide to accept a salaried position.


Freelegalassistanceservice!Your disability protection also includes a free legal assistance service that you can rely on for your personal or business needs.

Legal experts are available to inform you of your rights and will guide you towards any legal resources you might require. This service does not form part of the policy contract and may be discontinued at any time without any notice.

Business Expense For yourself… your family… your employees...

Coverage Options: OPTION 1: BASIC CORE HEALTH BENEFITS OPTION 2: ENHANCED CORE HEALTH BENEFITS

Covers all of your eligible expenses up to a maximum of $50,000 per person, for all services.


Deductible: None Deductible: None

Eligible expenses:

• Travelinsurance4

• Medicalequipmentandimagingtechniques, orthopedic appliances, home nursing care

• Alternativemedicine• Audiologyandspeechtherapy• Physiotherapy• Ambulanceservices• Dentalcareasaresultofanaccident• Psychologicaltreatment

Eligible expenses:

• ThesameasOption1 + Higher amounts of coverage + Vision care included

SUPPLEMENTARY BENEFITS

Hospital coverage

Covers 100% of the expenses incurred for a semi-private room in a public hospital, up to$175/day.

Dental care

Covers 70% of the following care: Diagnostic and preventive care, basic fillings, periodontal services, oral surgery, adjunctive general services, and minor restorative work (on dentures).

Deductible: None

Waiting period: Three (3) months

Maximumannualreimbursement: •1st year: $500 •2nd year: $750 •Subsequentyears:$1,000

Prescription Drugs2

Covers 80% of your prescription drug costs.

Deductible: $5 co-payment per prescription drug;

Maximum annual reimbursement: $2,000.

Coverage description

Duration of coverageUp to age 70.

PremiumpaymentsYour premiums are calculated to be level during the following periods:

•Ages18to39 •Ages50to54 •Ages60to64•Ages40to49 •Ages55to59 •Ages65to69

However, as healthcare costs or the services offered by SOLOTM Health could change at any time, increases may occur during these periods.

PolicyandcoverageterminationYour coverage ends on the earliest of the following events:

• Attimeofdeath• Atage70• Policylapsedate

Coverage typesYou have 4 options:

• Individual:Foryourself• Spousal:Foryouandyourspouse• Single-parent:Foryouandyourchildren• Family:Foryou,yourspouseandyourchildren

1 More information is available on page 26.2 ThiscoverageisnotavailableinQuebec.3 Benefits received by your employees are not taxable.4 The lifetime maximum for travel insurance is $1,000,000.

Your policy premiums are tax-deductible as a regular business expense.3

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2. be employed;







• Payroll2
























Eligible expenses:




Eligible expenses:



Hospital coverage


Dental care


Deductible: None



Prescription Drugs2















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not covered by a group insurance plan?If you are a seasonal, contract or part-time employee, a consultant or self-employed worker, you may not have access to a group health insurance plan.

SOLOtm Health is the perfect way to protect yourself against rising healthcare costs and bridge the financial gap in any provincial health insurance plans.

eligibility requirementsto purchase SOlOtm Health, you must:

• be 18 to 64 years of age;

• satisfy the medical underwriting criteria1;

• be covered by a provincial health care plan.

expenSeS reimburSed by SOlOtm HealtH FOr tHe year:

Vision care and other healthcare expenses $150

prescription drugs2 $140

dental care $200

chiropractor $100

total reimbursements $590

Rob’s net cost $0

annual SOlOtm Health premium (Option 2 with Hospital, dental, and prescription drugs2) $990

tax savings (based on a marginal tax rate of 40%) ($400)

Net cost of his SOLOtm Health insurance $590

robert, self-employed graphic designer:

Free legal assistance service!your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.

legal experts are available to inform you of your rights and will guide you towards any legal resources you might require. this service does not form part of the policy contract and may be discontinued at any time without any notice.

Various features!SOlOtm Health offers you an array of features to meet your needs... and your budget.

• Medicalandparamedicalservices • Prescriptiondrugs2

• Visioncare • Dentalcare• Hospitalcoverage • Travelcoverage

SOlOtm Health is an ideal complement to our SOlOtm portfolio or any group insurance plan.

insurance that pays for itself!if you’re a self-employed worker or entrepreneur, your SOlOtm Health insurance premiums may be tax-deductible. if you receive a salary, the premiums may be considered medical expenses, entitling you to a tax credit.

notes: the information provided is for illustrative purposes and does not represent all cases. Figures have been rounded to the nearest $10. premiums are based on 2009 rates. please consult with a professional to find out whether you are eligible for similar tax deductions.

Health and medicalFor self-employed workers,

business owners, entrepreneurs…

your policy premiums are tax- deductible as a regular business expense.3

description of the disability benefit benefit amountyou can select a benefit amount between $400 and $6,000 per month.

this amount is based on your monthly expenses and occupational class.1

Waiting periodthe waiting period is the length of time that must elapse before the monthly benefit is paid. you have 3 options:

days: 30 90+ 120

• The“+”signmeansthatthebenefitispaidstartingonthe first day in the event of an accident.

• Forwaitingperiodslessthan120days,thebenefitispaid on the first day in the event of hospitalization or day surgery.

• Youdonothavetobecontinuouslydisabledtosatisfythe waiting period; for instance, you can combine successive disability periods of seven (7) days or more to meet the waiting period if it results from the same cause.

benefit period the benefit period is the length of time you are disabled and receiving monthly disability benefits. you have 2 options:

• 2years• 3years

1 additional information is available on page 26.2 Some conditions apply. consult your representative’s guide.3 the monthly benefit you receive is, however, considered taxable income

for your company.

premium payments level premium to age 65: your premium is calculated so as to remain the same until age 65.

during a period of disability, your premium payments are waived after the waiting period has been satisfied and for as long as a monthly benefit is paid to you.

policy or coverage termination your disability insurance protection ends on the earliest of the following events:


continuation of benefitsyou can, however, continue your coverage after age 65 if the insurance is converted to a term 1 (yrt) disability plan. your premium will be adjusted each year based on your current age and the rates in-force at that time.

to be eligible, you must be working full-time and cannot be disabled. a medical examination is not required.

For individuals that do not have access to a group/spousal health plan

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A valuable optionReturn of PremiumDisability income insurance safeguards you against the loss of income due to a disability. But what happens to your premiums if you never suffer a disability?


Description of the disability benefitBenefit amountYou can select a benefit amount between $400 and $1,500 per month.

The amount of monthly benefit is based on your monthly expenses.

Waiting period The waiting period is the length of time that must elapse before a benefit is paid. You have 3 options:

Days: 30 90 120

You do not have to be continuously disabled to satisfy the waiting period. You can combine successive disability periods of seven (7) days or more resulting from the same cause.

Benefit period There are 3 options available:


Premium payments Levelpremiumtoage65:Yourpremiumiscalculatedsoastoremainthesameuntilage65.


Policy or coverage termination Your disability insurance protection ends on the earliest of the following events:

• Upondeath• Atage65• Policy lapse date

Free legal assistance service!Your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.


.

Definition of an accidentAny event that is independent of any illness or other cause and is the direct result of sudden and unforeseeable external causes and results in bodily injuries that are certified by a physician.

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SOLOTM Accident Disability Income is designed to protect you against the financial consequences of an unfortunate accident that causes you to be absent from work for an extended period of time.

You will receive a monthly benefit to help you maintain your standard of living and cover any additional expenses associated with your accident so that you can focus on your complete recovery.

eligibility requirements

To purchase SoLoTm Accident Disability income, you must:

1.be18to60yearsofage;

2.beemployed;

3. have worked at least 20 hours/week during the four (4)weekspriortopurchasingthecoverage;

4. satisfy the complete medical and financial underwriting criteria1.

Toincludeaccidentalcoverageatage65youmustalso:

1.haveworkedatleast40weeksinthelastyear;

2. have earned at least $12,500 in the last year.

UniqueFeatures!no integration on the first $1,200 of benefits – guaranteed Forthefirst36monthsofyourdisability,thefirst$1,200of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

RRSP BenefitA long-term disability may not only force you to spend your savings, but it may also have a significant impact on your ability to save for retirement.

As a result, on top of your monthly benefit, an extra 5% of the monthly benefit will be deposited into a DFS RRSP or savings account of your choice, starting on the 13th month of a disability payment.

SAVINGS

DEBT

Before a Disability


TIME

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EXPENSES

SAVINGS

EXPENSES

Long-termDisability



EXPENSES

1Formoreinformation,seepage26.

Accident Disability incomeYou are uniquein fact, your unique qualities take you on the road less travelled... Your strong sense of responsibility and independence make you excel at what you do… Who you are and what you do are important: to yourself, loved ones, your clients and society.

You are exquisiteThe independence and determination that sets you apart relies, in large part, on your state of health. The day your health is significantly compromised due to an illness or accident... is the day your world starts to fall to pieces.

Financially speaking, do you have a contingency plan in the event of an accident or illness? Although your back-up plan doesn’t guarantee that you will be back on your feet from one day to the next, it will however help you cover :

• Rent/mortgageandfixedexpenseslikeutilities,groceries,transportation,etc.;• Childcareexpensesandhomemaintenance;• Treatmentorrehabilitationcosts.

Without a contingency plan, what will you do?• Spendyoursavings?• Sellyourassets?• Addtoyourdebtvis-a-visaloan?• Relyonyourspouse’sincome?• SubmitanEIorCPP/QPPclaim?

Wouldn’t you rather preserve your savings and avoid liquidating your assets or taking out a loan in the event of a disability?

Receive a monthly benefit to replace your income and cover all your expenses during your recovery from a disability.

Finally... Disability protection that’s right for you!SoLoTm disability protection pays you a monthly benefit for a pre-selected period of time when you suffer a disability due to an illness or accident. The benefit amount is based on your expenses and income.

Protect yourself, your family and your business against the financial hardships associated with an accident or illness. SoLoTm helps you cover living, business, or rehabilitation costs without compromising your financial situation. That way, you can devote all your energy to ensuring that your health and lifestyle are restored.

16 17

SOLOTM Living Expenses protects you against the financial hardships associated with a disability. This insurance covers you 24 hours a day, 7 days a week while you are busy at work or even in your own home.

In the event of a disability, you will receive a monthly benefit to help you maintain your lifestyle both during and after your recovery.


if you would like monthly benefits of $500 or less, you must:

1. be18to60yearsofage;


if you would like monthly benefits of more than $500, you must also:

1.beemployed;


Toincludeaccidentalcoverageatage65,youmustalso:



UniqueFeatures!no integration on the first $1,200 of benefits – guaranteed

Forthefirst36monthsofyourdisability,thefirst$1,200 of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

Free legal assistance service

Your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.


Living expenses



and unemployed...


This benefit amount is based on your monthly expenses.

Waiting period The waiting period is the length of time that must elapse before the monthly benefit is paid.

A 30-day waiting period is available only.

You do not have to be continuously disabled to satisfy the waitingperiod;forinstance,youcancombinesuccessivedisability periods of seven (7) days or more if it results from the same cause.

Benefit period You have 2 options:

• 12monthsfordisabilityduetoanillnessoraccident

• 12monthsfordisabilityduetoanillnessandup toage65foradisabilityduetoanaccident

Premium payments Levelpremiumtoage65:yourpremiumiscalculatedsoastoremainthesameuntilage65.




You are not required to provide proof of payment such as receipts or invoices at time of claim to receive your benefit.

16 17

SOLOTM Living Expenses protects you against the financial hardships associated with a disability. This insurance covers you 24 hours a day, 7 days a week while you are busy at work or even in your own home.

In the event of a disability, you will receive a monthly benefit to help you maintain your lifestyle both during and after your recovery.


if you would like monthly benefits of $500 or less, you must:

1. be18to60yearsofage;


if you would like monthly benefits of more than $500, you must also:

1.beemployed;


Toincludeaccidentalcoverageatage65,youmustalso:



UniqueFeatures!no integration on the first $1,200 of benefits – guaranteed

Forthefirst36monthsofyourdisability,thefirst$1,200 of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

Free legal assistance service

Your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.


Living expenses



and unemployed...


This benefit amount is based on your monthly expenses.

Waiting period The waiting period is the length of time that must elapse before the monthly benefit is paid.

A 30-day waiting period is available only.

You do not have to be continuously disabled to satisfy the waitingperiod;forinstance,youcancombinesuccessivedisability periods of seven (7) days or more if it results from the same cause.

Benefit period You have 2 options:

• 12monthsfordisabilityduetoanillnessoraccident

• 12monthsfordisabilityduetoanillnessandup toage65foradisabilityduetoanaccident

Premium payments Levelpremiumtoage65:yourpremiumiscalculatedsoastoremainthesameuntilage65.




You are not required to provide proof of payment such as receipts or invoices at time of claim to receive your benefit.

18 15

SOLOTM Accident Disability Income is designed to protect you against the financial consequences of an unfortunate accident that causes you to be absent from work for an extended period of time.

You will receive a monthly benefit to help you maintain your standard of living and cover any additional expenses associated with your accident so that you can focus on your complete recovery.


To purchase SoLoTm Accident Disability income, you must:

1.be18to60yearsofage;

2.beemployed;



Toincludeaccidentalcoverageatage65youmustalso:



UniqueFeatures!no integration on the first $1,200 of benefits – guaranteed Forthefirst36monthsofyourdisability,thefirst$1,200of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

RRSP BenefitA long-term disability may not only force you to spend your savings, but it may also have a significant impact on your ability to save for retirement.

As a result, on top of your monthly benefit, an extra 5% of the monthly benefit will be deposited into a DFS RRSP or savings account of your choice, starting on the 13th month of a disability payment.

SAVINGS

DEBT

Before a Disability


TIME

TOTA

L IN

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E/SA

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EXPENSES

SAVINGS

EXPENSES

Long-termDisability



EXPENSES


Accident Disability incomeYou are uniquein fact, your unique qualities take you on the road less travelled... Your strong sense of responsibility and independence make you excel at what you do… Who you are and what you do are important: to yourself, loved ones, your clients and society.

You are exquisiteThe independence and determination that sets you apart relies, in large part, on your state of health. The day your health is significantly compromised due to an illness or accident... is the day your world starts to fall to pieces.

Financially speaking, do you have a contingency plan in the event of an accident or illness? Although your back-up plan doesn’t guarantee that you will be back on your feet from one day to the next, it will however help you cover :

• Rent/mortgageandfixedexpenseslikeutilities,groceries,transportation,etc.;• Childcareexpensesandhomemaintenance;• Treatmentorrehabilitationcosts.

Without a contingency plan, what will you do?• Spendyoursavings?• Sellyourassets?• Addtoyourdebtvis-a-visaloan?• Relyonyourspouse’sincome?• SubmitanEIorCPP/QPPclaim?

Wouldn’t you rather preserve your savings and avoid liquidating your assets or taking out a loan in the event of a disability?

Receive a monthly benefit to replace your income and cover all your expenses during your recovery from a disability.

Finally... Disability protection that’s right for you!SoLoTm disability protection pays you a monthly benefit for a pre-selected period of time when you suffer a disability due to an illness or accident. The benefit amount is based on your expenses and income.

Protect yourself, your family and your business against the financial hardships associated with an accident or illness. SoLoTm helps you cover living, business, or rehabilitation costs without compromising your financial situation. That way, you can devote all your energy to ensuring that your health and lifestyle are restored.


and unemployed...

1914

A valuable optionReturn of PremiumDisability income insurance safeguards you against the loss of income due to a disability. But what happens to your premiums if you never suffer a disability?



The amount of monthly benefit is based on your monthly expenses.

Waiting period The waiting period is the length of time that must elapse before a benefit is paid. You have 3 options:

Days: 30 90 120

You do not have to be continuously disabled to satisfy the waiting period. You can combine successive disability periods of seven (7) days or more resulting from the same cause.

Benefit period There are 3 options available:


Premium payments Levelpremiumtoage65:Yourpremiumiscalculatedsoastoremainthesameuntilage65.



• Upondeath• Atage65• Policy lapse date

Free legal assistance service!Your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.


.

Definition of an accidentAny event that is independent of any illness or other cause and is the direct result of sudden and unforeseeable external causes and results in bodily injuries that are certified by a physician.

Seasonal, contract or part-time workers

High risk occupations

Unemployed

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not covered by a group insurance plan?If you are a seasonal, contract or part-time employee, a consultant or self-employed worker, you may not have access to a group health insurance plan.

SOLOtm Health is the perfect way to protect yourself against rising healthcare costs and bridge the financial gap in any provincial health insurance plans.

eligibility requirementsto purchase SOlOtm Health, you must:

• be 18 to 64 years of age;

• satisfy the medical underwriting criteria1;

• be covered by a provincial health care plan.

expenSeS reimburSed by SOlOtm HealtH FOr tHe year:

Vision care and other healthcare expenses $150

prescription drugs2 $140

dental care $200

chiropractor $100

total reimbursements $590

Rob’s net cost $0

annual SOlOtm Health premium (Option 2 with Hospital, dental, and prescription drugs2) $990

tax savings (based on a marginal tax rate of 40%) ($400)

Net cost of his SOLOtm Health insurance $590

robert, self-employed graphic designer:

Free legal assistance service!your disability protection also includes a free legal assistance service that you can rely on for your day-to-day experiences.

legal experts are available to inform you of your rights and will guide you towards any legal resources you might require. this service does not form part of the policy contract and may be discontinued at any time without any notice.

Various features!SOlOtm Health offers you an array of features to meet your needs... and your budget.

• Medicalandparamedicalservices • Prescriptiondrugs2

• Visioncare • Dentalcare• Hospitalcoverage • Travelcoverage

SOlOtm Health is an ideal complement to our SOlOtm portfolio or any group insurance plan.

insurance that pays for itself!if you’re a self-employed worker or entrepreneur, your SOlOtm Health insurance premiums may be tax-deductible. if you receive a salary, the premiums may be considered medical expenses, entitling you to a tax credit.

notes: the information provided is for illustrative purposes and does not represent all cases. Figures have been rounded to the nearest $10. premiums are based on 2009 rates. please consult with a professional to find out whether you are eligible for similar tax deductions.

Health and medicalFor self-employed workers,

business owners, entrepreneurs…

your policy premiums are tax- deductible as a regular business expense.3

description of the disability benefit benefit amountyou can select a benefit amount between $400 and $6,000 per month.

this amount is based on your monthly expenses and occupational class.1

Waiting periodthe waiting period is the length of time that must elapse before the monthly benefit is paid. you have 3 options:

days: 30 90+ 120

• The“+”signmeansthatthebenefitispaidstartingonthe first day in the event of an accident.

• Forwaitingperiodslessthan120days,thebenefitispaid on the first day in the event of hospitalization or day surgery.

• Youdonothavetobecontinuouslydisabledtosatisfythe waiting period; for instance, you can combine successive disability periods of seven (7) days or more to meet the waiting period if it results from the same cause.

benefit period the benefit period is the length of time you are disabled and receiving monthly disability benefits. you have 2 options:

• 2years• 3years

1 additional information is available on page 26.2 Some conditions apply. consult your representative’s guide.3 the monthly benefit you receive is, however, considered taxable income

for your company.

premium payments level premium to age 65: your premium is calculated so as to remain the same until age 65.

during a period of disability, your premium payments are waived after the waiting period has been satisfied and for as long as a monthly benefit is paid to you.

policy or coverage termination your disability insurance protection ends on the earliest of the following events:


continuation of benefitsyou can, however, continue your coverage after age 65 if the insurance is converted to a term 1 (yrt) disability plan. your premium will be adjusted each year based on your current age and the rates in-force at that time.

to be eligible, you must be working full-time and cannot be disabled. a medical examination is not required.

239 10






2. be employed;







• Payroll2
























Eligible expenses:




Eligible expenses:



Hospital coverage


Dental care


Deductible: None



Prescription Drugs2

















7 8



















1) The later of:


OR












Days: 14 30 30+ 60 90 90+ 120 730
















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SOLOTM Disability Income pays you a monthly benefit to replace your income or salary when you are not able to work due to an illness or accident. The amount of the monthly benefit is based on your monthly salary and is paid to you for a pre-selected period of time.

The benefit can be used to cover your living, business, or rehabilitation expenses; without spending your hard earned savings or liquidating assets during a period of time when you should be focusing on a complete recovery.

Disability Income

eligibility requirementsTo purchase SOLOTM Disability Income, you must:


2. be employed;

3. work at least 30 hours per week anD:


b. be employed between 35 and 39 weeks per year and select a waiting period of at least 60 days;


• Alzheimer’sDisease• AorticSurgery• AplasticAnemia• BacterialMeningitis• BenignBrainTumour• Blindness• Cancer• Coma• CoronaryArteryBypass

Surgery• Deafness• HeartAttack• HeartValveReplacement• KidneyFailure

• LossofIndependence• LossofLimbs• LossofSpeech• MajorOrganTransplant• MajorOrganFailureon

Waiting List• MotorNeuronDisease• MultipleSclerosis• OccupationalHIV• Paralysis• Parkinson’sDisease• SevereBurns• Stroke

covered illnesses/conditions:

unique Features!no integration on the first $1,200 of benefits – guaranteedFor the first 36 months of your disability, the first $1,200 of your monthly benefit will not be reduced by the amount of any other benefits you may receive from the government or other insurance companies.

Critical Illness Benefita critical illness may not always lead to a total disability; however, the result is often an increase in medical costs and an immediate absence from work.

With this built-in feature, if you are diagnosed with 1 of the 25 critical illnesses/conditions covered, you will receive a tax-free, lump sum payment equal to 5 times your monthly disability benefit.

RRSP Benefita long-term disability may not only force you spend your savings, but it may also have a significant impact on your ability to save for retirement.

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EXPENSES

as a result, in addition to your monthly benefit, an extra 5% of the monthly benefit will be deposited into a DFS RRSP or savings account of your choice, on the 13th month of your disability income payment.

Death BenefitIn the event of death while receiving disability benefits, your designated beneficiary will receive a tax-free, lump sum payment equal to 5 times your monthly benefit, whether or not your death is related to your disability.

526

How much does disability insurance cost?Disability insurance premiums are based on your age, health, and occupational class, and on the options you select, which means that premium rates vary widely from one person to another. your financial representative is in the best position to help you determine the appropriate protection based on your needs and goals as well as calculate the cost of this coverage to suit your budget.


What is an occupational class?It is a classification used by an insurance company to determine the level of risk associated with your job. The level of risk takes into account both the possibility of work-related illnesses and accidents as well as the possible duration of your occupation. at Desjardins Financial Security, your occupation is assigned a rating (4a, 3a, 2a, a, B, or x), which affects the cost of your disability insurance.

For a monthly benefit over $1,200:• Ifyoudonotreceiveasalary/income,pleaseprovideacopyofyourtaxreturnforthepasttwoyears.

• Ifyourpremiumsarepaidbyyouremployeraspartofadisabilityinsuranceplan,pleasecompleteaDFSModificationform.

• Forbenefitamountsof$4,000ormore,pleasecompleteaformauthorizingthereleaseofdrivingrecordinformation(QuebecandAlbertaonly).

How does eligibility for disability insurance work?To purchase disability protection, you must meet certain medical underwriting and financial criteria that are based on your age and the benefit amount you select.

age General, medical, and financial information

questionnaireUrine test Visit from a

nurse

Complete blood count

(CBC)Resting ECG Driving

recordInspection

report

benefit amOunt = $2,000 Or less

18 to 45 ✓46 to 55 ✓

56 + ✓benefit amOunt = $2,001 tO $3,999

18 to 45 ✓46 to 55 ✓ ✓ ✓

56 + ✓ ✓ ✓benefit amOunt = $4,000 tO $6,000

18 to 45 ✓ ✓ ✓ ✓ ✓46 to 55 ✓ ✓ ✓ ✓ ✓

56 + ✓ ✓ ✓ ✓ ✓ ✓benefit amOunt = $6,001+

18 to 45 ✓ ✓ ✓ ✓ ✓46 to 55 ✓ ✓ ✓ ✓ ✓

56 + ✓ ✓ ✓ ✓ ✓ ✓

note: additional tests, medical exams, inspection or doctor(s) reports or any other information may be requested by the insurer at any time.

Without your most valuable asset, how long would it take to affect your standard of living?Imagine that over the next six months, due to an illness or accident, your life took on a single purpose: recovery.

How long would you be able to continue paying your current expenses? Two weeks? Two months? Two years?

During your recovery, who would take care of you or your children? How would your business operate? What about your family or clients? What additional costs would be incurred?

calculate your regular monthly expenses (that would also be due during a disability).

Rent or mortgage $

Food $

Utilities $

Municipal and school taxes $

Vehicle (fuel & maintenance) $

Loans $

Credit card balances $

Property insurance $

Life insurance $

Home maintenance $

Childcare $

Tuition $

Retirement savings $

Other $

tOtal mOnthly eXPenses $

Which of the following options are available to help you maintain your standard of living and cover any additional expenses related to a disability?

✓ available Options?how long will they last? What percentage of your income will they replace?Will they affect your budget? your financial future?

Group insurance

employment Insurance (eI)

Savings

Personal loan

Spousal income

CPP/QPP

Sale of assets

Other

Wouldn’t you rather preserve your savings and avoid liquidating your assets or taking out a loan in the event of a disability? Receive a monthly benefit to replace your income and cover all your expenses during your recovery from a disability.

4 27

What do you think your most valuable asset is? Is it your property… your vehicle… your investments or other?

earnings

age $24,000 $36,000 $48,000 $60,000 $100,000

25 $1,809,630 $2,714,445 $3,619,260 $4,524,076 $7,540,126

30 $1,451,090 $2,176,635 $2,902,180 $3,627,725 $6,046,208

35 $1,141,810 $1,712,715 $2,283,620 $2,854,525 $4,757,542

40 $875,022 $1,312,534 $1,750,045 $2,187,556 $3,645,926

45 $644,889 $967,333 $1,289,778 $1,612,222 $2,687,037

50 $446,374 $669,561 $892,748 $1,115,935 $1,859,891

55 $275,133 $412,700 $550,266 $687,833 $1,146,388

60 $127,419 $191,129 $254,839 $318,548 $530,914

note: These figures are based on current annual income assuming a 3% pay increase each year.

From this perspective, your lifetime earnings are probably greater than the combined value of your other assets.

Therefore, the most valuable asset from a financial point of view is your earning power! It certainly enables you to maintain or even increase the standard of living you and your family deserve.

Did you know that 37% of default payments on mortgage loans are due to a disability? Source: Statistics Canada

There is a 1 in 3 chance that you’ll experience a period of disability that lasts for 90 days or longer by the age of 65. Source: Statistics Canada

If you were at a crossroads, would you feel confident about selecting a path, knowing that one of the three will certainly lead to a disability?

have you ever thought about how much money you will earn by working up to age 65?

What is the biggest threat to this valuable asset? a disability.

average length of a long-term disability

age length

25 2.1 years

30 2.5 years

35 2.8 years

40 3.1 years

45 3.2 years

50 3.1 years

55 2.6 years

60 1.6 years

Source: 1985 Commissioner’s Disability Table a (experience Table) (Individual Insurance)

How to submit a disability claim?1. Visit your general physician

visit your doctor as soon as you can so that your health condition is on record. The first consultation that follows your sick leave will be used as proof of your disability start date.

2. contact the insurance company or financial representative

you can start by contacting your financial representative who will be able to guide you through the necessary steps to follow.

Several documents are required:

a) a preliminary statement authorizing the collection of applicable information as well as information from your employer.

b) a medical report completed by your attending physician. If your waiting period is greater than 30 days, you must also provide information in your medical chart.

c) Proof of your income and business expenses, if you are covered by SOLOTM Business expense protection.

3. adjudication of your claim

Once all of your documentation is received, your claim will be processed within seven (7) business days. One of the main factors that must be determined in this analysis, is whether you meet the definition of total disability.

4. Disability benefit payment

Once eligibility is approved, you will start receiving your pre- selected monthly benefit after the waiting period has been satisfied.

Definition of Total DisabilityDuring the waiting period and the 241 months immediately following, you are considered totally disabled if, following an illness or accident:

• Youareunabletoperformthekeydutiesofyourregularoccupation2; and

• Youarenotworkinginanygainfuloccupation;and• Youarereceivingcontinuousmedicalcare.

If you have selected the Regular Occupation Period extender rider (see p. 8), after receiving benefits for this 24-month period, you will continue to receive benefits based on the criteria below.

If not, you will be considered totally disabled based on the following criteria:

• Youarereceivingcontinuousmedicalcare;and• Youareunabletoperformareplacementoccupation;and• Youarenotworkinginanygainfuloccupation.

If this is not the case, you will be evaluated based on your ability to carry out a replacement occupation that takes into consideration your training and experience, and that enables you to earn at least 60% of what you were earning prior to the disability.

DFS may waive the continuous medical care requirement if we receive acceptable written proof indicating that further medical care would be of no benefit to you.

1 This period is 12 months for disability insurance with a 12-month benefit period.2. an insured person who does not work in any gainful occupation or who did not work at least

20 hours/week during the four weeks immediately preceding the disability start date, must instead be incapable of performing a replacement occupation.

Guaranteed benefit for 4A or 3A business owners

If your income after expenses and before taxes is at least $20,000 and you have 20% ownership in the business, your monthly benefit is guaranteed!

In other words, no integration applies on the first $1,200 of monthly benefit for the first 36 months and absolutely no coordination with any other plans.

28


What if you suffer another disability?If you suffer another disability (not related to the initial or last disability), you will receive a new benefit after a second waiting period has elapsed. This will continue to be paid until the benefit period has expired.

Recurrent DisabilityWhen you recover from a disability and then become disabled again due to the same cause, this second disability is considered to be a recurrence of the first. In this case, a second waiting period will not apply before you start receiving benefits. For a disability to be considered a recurrent disability, it must occur within six (6) or twelve (12) months of the first disability, depending on your occupational class.

Presumptive total DI

If you suffer from a total and irreversible loss of sight, hearing, speech, the use of both hands or both feet or of one hand and one foot, you will be presumed to be totally disabled whether or not you are able to work or require treatment by a physician, and you will automatically receive your disability benefits.

Organ donationIf your disability is the result of organ donation, you will be eligible to receive your disability benefits if your insurance has been in force for at least six (6) months1.

RehabilitationWhile you are receiving your monthly SOLOTM benefits, Desjardins Financial Security (DFS) will pay the cost of services related to a rehabilitation program. This program must be pre-approved by DFS and must not be covered by any other disability insurance coverage.

COMPLeTe ReCOveRy

COMPLeTe ReCOveRy

Insurance purchase

Insurance purchase





Disability

Disability

Other Disability

recurrence Of the same Disability

Waiting period

Waiting period

Waiting period





Successive disabilities

Recurrent disability

1 Some conditions apply. Consult your representative’s guide.

Self-employed workers

Business owners and entrepreneurs

employees with or without a group plan

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notes

We have the tools you need

desjardins Financial security is a subsidiary of the desjardins Group,

the largest cooperative financial group in Canada, with assets

of $150 billion as at september 30, 2008. as a leading life and

health insurer in Canada, desjardins Financial security ensures

the financial well-being of over five million Canadians every day.

desjardins Financial security offers a wide array of financial risk

management products and solutions through a national network

of distributors.

desjardinsfinancialsecurity.com1-877-GET-SOLO (438-7656)

0903

5e (

09-0

2)

SOLO

TM

tM ® trademarks owned by desjardins Financial security

Committed to sustainable development, Desjardins Group favours the use of paper that is manufactured in Canada in accordance with recognized environmental standards.

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Documents

Income replacement in the event of disability - DFS - Desjardins Life Insurance · 2015-11-20 · disability insurance. For a monthly benefit over $1,200: • If you do not receive