iA Disability Insurance 2024 review, contact, free quotes
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Discover the methodologyDiscover iA Disability Insurance, a dependable choice to secure your financial future in times of unforeseen disabilities.
Offering a range of plans tailored to diverse needs, iA ensures you have the right coverage, whether you're self-employed, a business owner, or an employee. But is it the right choice for you?
In this review, we take you through everything about iA disability insurance: plans, coverage, pros, cons, and costs. Use our free tool to compare iA disability insurance with other providers, and get multiple personalized quotes for free right here in no time.
iA disability insurance: 5 Key takeaways
- Offers up to $10,000 monthly for disability income.
- Includes specific plans for small business overhead expenses.
- Provides access to professional rehabilitation programs.
- Features options like partial disability benefits and premium waivers.
- Available to immigrants in Canada for over three years.
Our iA disability insurance review for 2024
iA Disability Insurance has four diverse plans: Superior Program, Acci-Jet Program, ACCI 7 Plus, and Universal Loan Insurance. Each plan is designed to cater to specific needs, offering flexibility and comprehensive coverage.
Superior Program focuses on providing extensive benefits for self-employed and business owners, while the Acci-Jet Program targets manual workers with no medical exam requirements. ACCI 7 Plus offers affordable, customizable accident coverage, and Universal Loan Insurance provides creditor insurance for various loans in disability cases.
This range ensures a broad spectrum of coverage for different professional and personal circumstances. If you think iA might be the right choice for you, you can go ahead and get personalized quotes right here on this page. Click the button below and get free quotes from iA disability insurance based on your unique needs.
Pros of iA disability insurance
- Disability Insurance Assistant
- Renowned among Canada's top insurance companies.
- Offers a wide range of plans, including accident insurance.
- Provides up to $10,000 per month for disability income.
- Overhead expense insurance up to $6,000 per month for small business owners.
- Access to professional rehabilitation programs.
- Available to immigrants in Canada for over three years.
- Waiver of premium for total disability.
- Partial disability option with up to 50% benefits for part-time work.
- Return of premiums option.
- No medical exam is required (Acci-Jet Program).
Cons of iA life insurance
- Purchase requires an advisor
- Insurance cannot be purchased online
- May not be available to immigrants who have been in Canada for fewer than 3 years
You must compare iA with other providers before zeroing in. You can use our free comparator below to compare the best disability insurance plans in Canada and get personalized quotes in no time.
Get a free disability insurance quote
Who offers iA disability insurance?
Industrial Alliance or the iA Financial Group, is one of Canada's largest insurance and wealth management groups. It is also one of the longest-established having been founded in 1892.
They provide a range of insurance products including life, auto, home, health, and disability insurance. This article takes a look at iA's disability and income insurance offerings.
Why sign up for iA disability insurance?
- Financial Security: Ensures a steady income if you're unable to work due to illness or injury.
- Inclusive Plans: Suitable for a wide range of individuals, including long-term immigrants.
- Comprehensive Coverage: Options like the waiver of premium and partial disability benefits.
- Flexible Options: Acci-Jet Program offers coverage without a medical exam.
- Support for Small Business Owners: Overhead expense insurance caters to specific business needs.
Good to know
Disability insurance is offered in two formats: Short-term and long-term. Read our extensive guides to know everything about short-term disability insurance and long-term disability insurance coverage in Canada. Get personal quotes in no time using our free comparator.
What disability insurance plans does iA offer?
iA disability insurance offers 4 primary disability cover options. They are:
- Superior Program is a good option for the self-employed, business owners, those without coverage through an employer, or those seeking additional coverage. It offers a monthly disability benefit of up to $ 10,000.
- Acci-Jet Program - This no-medical exam policy can cover up to a $6000 monthly disability benefit. It's designed for manual laborers, those in high-risk jobs, or those who regularly travel out of province for work.
- ACCI 7 Plus - This customizable and inexpensive policy (starting at just $7 per month) offers up to five coverages related to accidents. It is available to applicants including those in high-risk jobs, new immigrants, the recently retired, and the unemployed.
- Universal Loan Insurance: Creditor insurance for workers with loans, covering various loan types in case of disability.
Good to know
It is essential to compare disability insurance providers before zeroing in on a plan. Use our free comparator to explore plans from popular providers like BMO disability insurance, RBC disability insurance, and more.
What is iA disability insurance Superior Program?
The Superior Program offers comprehensive disability coverage for all types of workers, including self-employed and business owners. It provides up to $10,000 per month in income replacement and up to $6,000 per month for business overhead expenses in case of disability.
The program includes various built-in benefits such as a waiver of premiums in case of total disability and a special rehabilitation program. Here are the key features of the Superior Program:
| Category | Superior Program Details |
|---|---|
| Advantages | Up to $10,000 monthly benefits. Business overhead expense coverage up to $6,000/month. Nontaxable benefits. Access to professional rehabilitation and legal/medical advice. |
| Built-in Benefits | Premium waiver during total disability. Coverage maintenance during unemployment (up to 12 months). Automatic benefits increase with inflation. Benefits for residual and recurrent disabilities. Organ donation and death benefits are included. |
| Eligibility | Canadian citizens and immigrants (over 3 years in Canada) aged 18-59. Active work requirement. Specific criteria for seasonal workers. |
If you want to be sure iA Disability Superior Program is the right choice for you, you can get personalized quotes right here. Click the button below and get free and instant quotes.
Heard of long-term disability lawyers?
In Canada, around 60% of long-term disability claims are rejected, often including valid claims, typically on the grounds of the disability not being deemed severe enough. Insurers may also anticipate that claimants will not appeal these decisions. Disability insurance lawyers play a vital role in managing and overturning such rejections. Reading our detailed guide on long-term disability lawyers, covering their functions, selection, and fees, can provide valuable insights.
What is iA disability insurance Acci-Jet Program?
The Acci-Jet Program is tailored for manual workers and active individuals, offering disability coverage primarily for accidents. It provides up to $6,000 per month in benefits, with the option of 24-hour coverage or coverage outside working hours only. This program is notable for its accessibility, as it requires no medical exam.
Here's a table summarizing the key aspects of the Acci-Jet Program:
| Category | Details |
|---|---|
| Advantages | No medical exam or blood test is required. Coverage for income up to $6,000/month. Premium waiver during total disability. Coverage continuation during a job loss. Recurrent disability benefits. Coverage extension to age 75. |
| Built-in Benefits | Premium waiver during total disability. Coverage continuation during a job loss. Recurrent disability benefits. Coverage extension to age 75. |
| Eligibility | Open to Canadian citizens and immigrants aged 18-69. Regular work requirements (hours/week and months/year). Specific conditions for immigrants under 3 years. |
If you want to be sure iA disability Acci-Jet Program is the right choice for you, you can get personalized quotes right here. Click the button below and get free and instant quotes.
For more detailed information on each plan, it's recommended to visit the iA website or contact an iA advisor. For more on iA's disability insurance see the pdf below.
How do I apply for iA insurance?
You can get quotes from iA right here on this page. Click the button below and get instant quotes based on your unique needs and budget.
We recommend that you compare multiple providers before deciding iA is the right choice for you. You can use our comparator below to compare Canada's best disability insurance plans and get free quotes in a few quick steps right here.
Get a free disability insurance quote
How much does iA disability insurance cost?
Unfortunately, it is difficult to provide a price range for iA disability insurance. Disability insurance pricing varies widely based on the following factors:
- Age
- Health
- Occupation
- The amount of disability coverage desired
- The waiting period you choose
For general information, the table below summarizes the average price of disability insurance with a 90-day waiting period for various ages and coverage amounts. This is meant solely to provide a rough indication before speaking with an advisor and your pricing will vary.
| Age of policyholder | Monthly benefit desired | Approximate monthly price |
|---|---|---|
| 20 | $2000 | $19 |
| 20 | $4000 | $39 |
| 30 | $2000 | $24 |
| 30 | $4000 | $48 |
| 40 | $2000 | $50 |
| 40 | $4000 | $102 |
| 50 | $2000 | $62 |
| 50 | $4000 | $126 |
How do I contact iA disability insurance?
iA offers various contact options for inquiries, including a toll-free telephone number, a fax number, and a physical address in Montreal.
| Contact Method | Details | Availability |
|---|---|---|
| Telephone | Toll-free: 1-800-465-5818 | Monday to Friday, 8:30 a.m. - 5:00 p.m. |
| Address | 1611 Crémazie Blvd E, Ste 900, Montreal, Quebec H2M 2P2 | Monday to Friday, 8:30 a.m. - 5:00 p.m. |
| Fax | Toll-free: 1-877-553-6242 | Monday to Friday, 8:30 a.m. - 5:00 p.m. |
