OSPE - The Voice - May 2019 - 5

The odds of suffering from a disability
before age 65 are 1 in 3 1
It's unfortunate, but true: disabilities are disturbingly common.
Every day in Canada, 165 Canadians are involved in an accident
that leaves them partially or totally disabled.2

Disability has a high

financial cost

While disability certainly takes immense physical, emotional
and psychological tolls, people who suffer from disability also
take a tough financial hit. After all, nearly 50% of mortgage
foreclosures are due to disability.3
To give you an idea, have a look at the total annual cost to
Canadians who suffer disabilities caused by different injuries,
when you factor in health care costs plus the costs of reduced
productivity and other issues:2

Just the facts
about Engineers Canada-sponsored
Disability Income Replacement Insurance

There's no denying it: to even think
about yourself or a close family member
becoming disabled - even temporarily
- is incredibly unpleasant. But the facts
will tell you that it's something to which
you should at least give some thought
- so you're prepared, just in case.

1 Canada Life and Health Insurance Association,
"A guide to disability insurance," January 2016.
2 Parachute, "The Cost of Injury in Canada," 2015.
3 www.disabled-world.com, "Disability Insurance: Benefits, News and Claims," 2017.
4 Based on a percentage of your monthly earnings, while you are disabled
and unable to perform your occupation.
Manulife, Manulife & Stylized M Design, and Stylized M Design are trademarks of
The Manufacturers Life Insurance Company and are used by it, and by its affiliates
under license. All rights reserved.
© 2019 The Manufacturers Life Insurance Company. Manulife, P.O. Box 670,
Stn Waterloo, ON N2J 4B8.

Underwritten by

The Manufacturers Life Insurance Company

Description

Total cost
($ Million)

Transport incidents

4,289

Falls

8,680

Fire/burns
Unintentional poisoning
Struck by/against sports equipment

366
1,264
187

Other unintentional injuries

7,127

Violence

1,142

Undetermined intent/other

598

Engineers Canada-sponsored

Disability Income Replacement
insurance can help

Engineers Canada-sponsored Disability Income Replacement
Insurance was created exclusively for professional engineering,
geoscience and technology association members and their
families. This affordable plan can be a huge help while you recover,
covering 6 types of disabilities. It features low rates not
available to the general public and provides monthly benefit
payments up to $15,000.4 It includes automatic Cost of Living
Adjustments, a compassionate care benefit and a waiver of
premiums if you're totally disabled for more than 3 months.
Learn more and apply:

manulife.com/ospe/DI
1 877 598-2273
http://www.disabled-world.com http://www.manulife.com/ospe/DI
OSPE - The Voice - May 2019

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