OSPE - The Voice - Winter 2021 - Cover2

The odds of suff ering from a disability
before age 65 are 1 in 31
It's unfortunate, but true: disabilities are disturbingly common.
Every day in Canada, 165 Canadians are involved in an accident
that leaves them partially or totally disabled.2
Disability has a high fi nancial cost
While disability certainly takes immense physical, emotional
and psychological tolls, people who suff er from disability also
take a tough fi nancial hit. Aſt er all, nearly 50% of mortgage
foreclosures are due to disability.3
To give you an idea, have a look at the total annual cost to
Canadians who suff er disabilities caused by diff erent injuries,
when you factor in health care costs plus the costs of reduced
productivity and other issues:2
Description
Just the facts
about Engineers Canada-sponsored
Disability Income Replacement Insurance
There's no denying it: to even think
about yourself or a close family member
becoming disabled - even temporarily
- is incredibly unpleasant. But the facts
will tell you that it's something to which
you should at least give some thought
- so you're prepared, just in case.
Transport incidents
Falls
Fire/burns
Unintentional poisoning
Struck by/against sports equipment
Other unintentional injuries
Violence
Undetermined intent/other
Total cost
($ Million)
4,289
8,680
366
1,264
187
7,127
1,142
598
Engineers Canada-sponsored
Disability Income Replacement
insurance can help
Engineers Canada-sponsored Disability Income Replacement
Insurance was created exclusively for professional engineering,
geoscience and technology association members and their
families. This aff ordable plan can be a huge help while you recover,
covering 6 types of disabilities. It features low rates not
available to the general public and provides monthly benefi t
payments up to $15,000.4
It includes automatic Cost of Living
1 Canada Life and Health Insurance Association,
" A guide to disability insurance, " January 2016.
2 Parachute, " The Cost of Injury in Canada, " 2015.
3 www.disabled-world.com, " Disability Insurance: Benefi ts, News and Claims, " 2017.
4 Based on a percentage of your monthly earnings, while you are disabled
and unable to perform your occupation.
Manulife, Manulife & Stylized M Design, and Stylized M Design are trademarks of
The Manufacturers Life Insurance Company and are used by it, and by its affi liates
under license. All rights reserved.
© 2020 The Manufacturers Life Insurance Company. Manulife, P.O. Box 670,
Stn Waterloo, ON N2J 4B8.
Accessible formats and communication supports are available upon request.
Visit manulife.ca/accessibility for more information.
Underwritt en by
The Manufacturers Life Insurance Company
Adjustments, a compassionate care benefi t and a waiver of
premiums if you're totally disabled for more than 3 months.
Learn more and apply:
manulife.com/ospe/di
1 877 598-2273
http://www.disabled-world.com http://www.manulife.com/ospe/di http://www.manulife.ca/accessibility
OSPE - The Voice - Winter 2021

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