Is State Farm disability insurance the best in 2024?
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State Farm is one of the biggest insurance providers in North America. From vehicles to property, business, and personal insurance, State Farm insurance will have you covered whether you are looking to insure your off-road ATV, farm and ranch, small business, pets, or any potential future disability.
State Farm disability insurance has a good reputation for providing individuals with longer benefit periods on their short-term disability insurance when compared to other insurance companies and disability plans.
Can you buy State Farm disability insurance in Canada?
Unfortunately, you cannot buy State Farm disability insurance in Canada. In 2015, Desjardins Group announced that they would acquire State Farm’s Canadian auto, casualty, and personal insurance business to transition the brand from State Farm to Desjardins in 2018 and 2019.
All Canadian State Farm insurance policyholders would continue to be served by Desjardins, and the former State Farm insurance agents operating in Canada have also been transitioned into Desjardins’ agent network.
While new State Farm disability insurance contracts cannot be bought in the country, Desjardins disability insurance is available to Canadian residents and they offer two different types of coverage: Solo Disability Income and Solo Essential Disability Income.
If you are looking to explore the best disability insurance policies in Canada you can use HelloSafe’s disability insurance comparison tool below. It's free to use and gets you personalized quotes from multiple providers right here in no time.
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What are the best disability insurance plans in Canada?
While the old State Farm disability insurance policies no longer exist in Canada, multiple insurance providers offer great disability insurance products in the country. The policy that best suits you depends on your unique situation which is related to your age, current health, needs, and budget.
State Farm disability insurance alternative providers include:
- Manulife Disability Insurance
- OMA Disability Insurance (for OMA members only)
- RBC Disability Insurance
- Scotia Bank Disability Insurance
- Sun Life Disability Insurance
- TD Disability Insurance
Some of the insurance providers named above only offer consumer protection disability insurance tied to their specific financial products. For example, CIBC and Scotiabank offer various forms of disability insurance as optional add-ons to their mortgage and personal lines of credit to protect their clients' financial obligations if they become disabled and are unable to work.
