• CDSPI DisabilityGuard™ Premium Calculator

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    • You must be between the ages of 20 and 64 to purchase CDSPI DisabilityGuard™ insurance.

    • Required Information 

    • You are considered a non-smoker if you have not used any form of tobacco or tobacco cessation products in the past 12 months.

    • The elimination period is the time period between when an illness/injury has occurred and your first benefit payment is issued. The longer the elimination period, the lower the premium.

    • Your eligible disability benefit amount is based on your income.
      Earned income:       Income you earn in any and all occupations and/or from any business or professional practice after deducting business expenses, but before income taxes. It excludes unearned or investment income such as pensions, interest, dividends, etc. 

    • Please enter an amount between $5,000 and $1,000,000.

  • Select Coverage Amount and Options

    CDSPI DisabilityGuard Calculator

  • With an income of {income}, you are eligible for a maximum monthly benefit from all sources of {monthlycoverage} to replace lost income if you suffer a disabling illness or injury{noteAbout}

    Customize and improve your coverage with these options:

  • This option helps protect your future earnings as your income grows. You can increase your disability coverage by up to 25% yearly without evidence of good health at the time of increase. 

  • The COLA Option increases your benefit each year after you have been disabled for 12 months, by the increase in the Consumer Price Index up to 8%.

  • During a total disability, occurring before age 65, this option can provide a $500 or $1,000 monthly contribution (depending on your annual income) to an account set up for your retirement.

  • This calculator will quote for the maximum monthly benefit of {monthlycoverage} by default. You can select Specify Amount to choose a lower benefit amount.

  • We cannot provide a quote for coverage which is higher than the maximum monthly benefit of your earned income ({monthlyCoverage225}) or lower than $1000 per month.

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    • Get the protection you need for as little as
      {monthlysteppremium} per month       (step premium)

    • Apply Now

    • Features Include:

      • Monthly disability benefit of {monthlybenefitformatted}
      • Elimination period of {eliminationperiod}
      • Own Occupation Rider (this allows you to receive benefits even if you are able to earn income in a new occupation){optionsselected}{retirementText}

    • Choose the rate structure that works best for you

      Level Premium: {annualLevel} per year ({monthlyLevel} per month) until you are 65
      Level Premiums provide the best rates for long-term coverage. Your premiums are locked-in until age 65.

      OR

      Step Premium: {annualStep} per year ({monthlysteppremium} per month) until you are {agetostepchange}
      Step Premiums provide the lowest rates for shorter-term coverage. Your premiums are locked-in until the next five-year age band which starts at age {agetostepchange}.

    • Age       Annual Step Premium Rates Annual Level Premium Rates
      25 - 29 {steprate25} {annualLevel}
      to age 65
      30 - 34 {steprate30}
      35 - 39 {steprate35}
      40 - 44 {steprate40}
      45 - 49 {steprate45}
      50 - 54 {steprate50}
      55 - 59 {steprate55}
      60 - 64 {steprate60}
    • Next Steps... 

    • Apply Now

    • Book a Meeting

    • If you have questions about the plan, or would like advice from a licensed professional, please contact CDSPI Advisory Services Inc. at 1.800.561.9401 or insurance@cdspi.com.

      This quote is based upon the information provided: {sex} {smokertype} Age {age} as of January 1 this year. This calculator uses HealthEdge rates for non-smokers and Basic rates for smokers. If you are a non-smoker with health conditions, your actual premium may be rated as basic non-smoker (contact CDSPI for more details).

    • * Disclaimer: The DisabilityGuard™ Insurance Calculator provides only an estimate of your annual premium. This estimate does not represent an offer of coverage or guarantee eligibility. To apply for DisabilityGuard Insurance, you must complete an application, which does not guarantee that the insurer will issue a policy to you. You must meet the insurer’s underwriting requirements in order to be accepted for coverage. If you are accepted for coverage, the benefit amount and premium may vary from the estimate provided by this calculator. Premiums will be subject to applicable taxes. Monthly and quarterly premium payments will be subject to additional processing fees.

      Underwritten by The Manufacturers Life Insurance Company (Manulife), P.O. Box 670, Stn Waterloo, Waterloo, Ontario N2J 4B8.
      The information contained here is a summary only. A full description of DisabilityGuard™ coverage and eligibility, including restrictions and limitations is contained in the certificate booklet, which sets out all the coverage terms and conditions.

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