Superior Program Disability Insurance

Superior Program is a disability insurance product that offers comprehensive coverage in life and health insurance for all workers and professionals ─ even the self-employed.

Eligibility

Your contract must include at least one of the following coverages:

Disability insurance - This coverage provides for:

• Protection in the event of total disability due to an illness or accident or in the event of accident only;
• Payment of a monthly benefit ranging from $500 to $10,000 depending on occupational class;
• Choice of the gross or net revenue method when determining your maximum available benefit;
• A benefit period of 2 years, 5 years or up to age 65;
• A waiting period of 0 days (accident only), 14 days, 30 days, 60 days, 90 days or 119 days;
• In the event of day surgery or hospitalization for more than 18 hours, benefits are payable from the first day (except for a 119-day waiting period);
• If you add the “+” option to the waiting period, you will receive benefits from the first day in the event of an accident;
• Risk classified based on your occupation.

Overhead expense insurance for small business owners - This coverage provides for:

• Protection in the event of total disability due to an illness or accident or in the event of accident only;
• Payment of a monthly benefit ranging from $500 to $6,000;
• A benefit period of 2 years;
• A waiting period of 0 days (accident only), 30 days or 30 days +;
• Risk classified based on your occupation.

Additional coverages

You benefit from the following additional coverages or clauses, at no extra cost:

• Waiver of premiums: Releases you from the obligation to pay insurance premiums while totally disabled.
• Occupational class enhancement: Based on certain criteria, it may be possible to benefit from an enhancement in occupational class to lower premiums.
• Maintenance of coverage when remunerative work ceases: If you lose your job, take a parental leave or stop working temporarily, but have not retired, your disability insurance will remain in force for a maximum of 12 months.
• Residual disability benefit: If you are returning to work after a disability and your functional ability has declined, resulting in a drop of over 20% of your annual income, you are eligible for a monthly benefit proportional to your loss of income.
• Guaranteed renewable contract from year to year until your 65^th birthday.
• Disability insurance in the event of accident can be extended up to age 75, without evidence of insurability.
• Automatic increase in benefits: If you wish, your disability insurance benefits will increase every year, without evidence of insurability, based on the increase in the Consumer Price Index.
• Special rehabilitation benefit: The professional services necessary to learn new functions, in addition to benefit payment.
• Death benefit: an additional amount is paid to your estate when your death results from disability.
• Organ donation benefit: A disability resulting from organ donation may lead to eligibility for benefits.
• Assistance services concerning many legal and health topics.

Superior Program disability insurance offers other optional benefits, such as:

• Partial disability benefit: Benefit payment when you are not totally disabled but are unable to perform 50% of the duties of your regular occupation on a continuous basis, provided that you are working full-time when you become partially disabled.
• Return of disability insurance premiums: At ages 55, 60 or 65, you will be refunded 50% of all premiums paid under the disability insurance coverage, including the portion applicable to the Return of Premiums benefit, less any claims paid under the disability insurance coverage.
• Extension of the disability definition: Your “regular occupation” definition may be covered for 60 months or up to age 65.
• Retroactive benefit: When your disability lasts longer than six months, you will receive a lump-sum payment equal to the benefits not received during your waiting period.
• Indexation of disability benefits: If you are disabled for over one year, your benefits are indexed based on the Consumer Price Index.

You may also purchase riders to expand your protection:

• Guaranteed renewal
• Premiums are based on the occupational class
• Premiums by consecutive 5-year periods or up to age 65

For more information, please refer to the Superior Program brochure (PDF – 2,6 MB).

 

* For seasonal and contractual workers only. To have access, the seasonal and contractual workers rider must be purchased.