What is Employee Disability Insurance?

Employee Disability Insurance is designed to provide income replacement to protect you and your family from financial hardship in the event you are unable to work at full capacity due to injury or sickness. The Executive Disability Program is comprised of three elements:

  • Short Term Disability, an elective coverage which commences on the 14th day after the disability and continuing to the 180th day of disability;
  • Long Term Disability, for disability extending over 180 days, that provides eligible executives 60% of their base pay up to a maximum monthly benefit ceiling; and
  • Executive Buy Up, whereby eligible executives may exercise the option of increasing the level of their long-term disability insurance coverage from 60% of their base salary to 80% of their total income, up to a maximum monthly benefit ceiling.