iA Disability Insurance Review: Is It Right For You?

Long-term disability insurance is a powerful tool for assuring that your and your family’s financial future will be secure.

If an illness or injury were to prevent you from working for an extended period or permanently, an individual LTD insurance policy can make a big difference. Long-term disability policies in Canada may replace up to 85% of your previous monthly income, more than enough to keep your mortgage paid and family secure while you concentrate on getting better. 

This page breaks down iA’s disability insurance products. See our review, coverage options and much more.

Who is iA?

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?

A LTD policy from iA will:

  • Provide a monthly income for you and allow you support your lifestyle financially in the event illness or injury prevents you from working in the future.
  • Give you the means to keep paying your mortgage.
  • Pay for day-to-day expenses.
  • Protect your savings and those of your household.

iA provides multiple disability insurance products. An insurance broker or iA advisor can help you to pick coverage that fits your needs and profile.

To compare iA's offer with other disability insurance plans in Ontario, British Columbia, Alberta and beyond, shop around using our free online comparison tool below:

Get a free disability insurance quote

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Our iA disability review:

iA is a major insurance provider in Canada, but not every plan is perfect for everyone. Here is what we like about iA’s disability insurance offer and what to keep in mind as you compare coverage options.

Pros of iA disability insurance:

Reputation - one of Canada's top insurance companies
A wide range of plans, including accident insurance
Up to $10 000 per month provided for disability income
Small business owners will love overhead expense insurance of up to $6000 per month
Access to professional rehabilitation programs
Open to immigrants in Canada for more than 3 years
Waiver of premium in the case of total disability
Partial disability option (receive up to 50% benefits while working part-time)
Return of premiums option
No medical exam option (Acci-Jet Program)

Cons of iA life insurance:

Purchase requires an advisor
Insurance cannot be purchased online
May not be available to immigrants that have been in Canada for fewer than 3 years

Good to know

Disability insurance can be a confusing topic since it includes public programs and private insurers who provide short-term and long-term coverage. Need some help? Our guide to disability insurance has you covered.

What disability insurance plans does iA offer?

iA offers Disability and income insurance, Critical illness insurance and Accident insurance. Notable coverage options include:

  • Superior Program is a good options 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 labourers, 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.

For more on iA's disability insurance see the pdf below.

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How do I apply for iA insurance?

To apply for iA disability insurance, you may request a call from an advisor through their website.

You may compare disability insurance offers on HelloSafe's website to be put in contact with an disability insurance expert.

Get a free disability insurance quote

Compare insurance quotes now

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 policyholderMonthly benefit desiredApproximate 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
Estimate of iA disability insurance prices

Ready to get real quotes on a disability insurance plan that works for you?

Get a free disability insurance quote

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How do I contact iA’s life insurance?

Need to reach iA because of a policy question, claims request or to inquire about a policy? Here's how:

For existing iA insurance policies, call 1-800-465-5818 Monday to Friday from 8:30 am to 5:00 pm Eastern Time.