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Disability Income Insurance

If you were seriously injured or ill and unable to work, how would you pay your bills? The CPSA Disability Income Insurance Plan is designed to cover you in just this kind of situation. It offers CPSA members:

  • Up to $7,500 in monthly benefits
  • Exclusive low rates
  • Residual (partial) Disability Benefits
  • 60 or 119 day Elimination Periods
  • Worldwide 24-hour coverage
  • Optional annual Cost-of-Living Adjustment (COLA) rider
  • And if you pay for coverage with after-tax dollars, any disability benefits you may receive are tax-free!

Who can apply?

You are eligible to apply for the CPSA Disability Income Insurance Plan if you are a CPSA member working at least 25 hours a week in the Sales and Marketing profession and are under age 60.

Coverage amounts

Coverage is available in multiples of $100, from $500 to $7,500 per month, depending on your level of Earned Income (your income from any and all occupations after deducting business expenses but before income tax). Find out how much you can apply for with our Income Ratio Guide.

Download our Disability Plan guide How much insurance could you receive?
Have Questions? Call toll-free 1-800-482-0758

What's covered

The CPSA Disability Income Insurance Plan is designed to pay you a monthly benefit to replace your lost income if you become Totally Disabled and unable to work. Monthly benefit payments will begin following the Elimination Period you have selected (after either 60 days or 119 days). The Elimination Period is the number of consecutive days* you must be Totally Disabled before benefits begin.

Total Disability Benefits

To qualify for benefits, you must be Totally Disabled. Benefits are paid for the first two years of your disability so long as you are unable to perform the essential duties of your own occupation.

After this two-year period, your monthly benefits will continue until age 65 so long as you are unable to perform the duties of any occupation for which you are reasonably suited based on your education, training and/or experience. At all times, you must be under the care of a physician.

Residual Disability Benefits

If you become Partially Disabled immediately following a period of Total Disability, you will receive a Residual Disability benefit for as long as you remain Partially Disabled.

Residual Disability benefits are payable and calculated from the date you are no longer receiving a monthly benefit due to Total Disability. Benefits are payable if you are under age 65, under the regular care of a physician and you experience a loss of income of at least 20%.

You must provide satisfactory evidence of continuing disability and reduced income. Under the Residual Disability Benefit, payments for part of a month shall be calculated at the rate of 1/30th of the benefit payable multiplied by the number of days you were Partially Disabled during the month.

For even greater protection, you can complement your CPSA Disability Income Insurance Plan with the CPSA Accidental Death & Dismemberment Plan, and protect yourself and your family in the event of an accident anywhere around the world, 24 hours a day, 365 days a year!

Ready to apply? Download your printer-ready application