Disability insurance

The loss of income due to a disability is one of our greatest fears. Disability insurance is designed to protect your income if you are unable to work on a permanent or partial basis. Levine Financial Group offers non-cancellable coverage tailored to meet your individual needs. We offer several options for you to consider in your disability policy, including an own occupation definition of disability, a cost of living adjustment, a future income option, HIV and Hepatitis B and C coverage for medical professionals and a conversion to long term care coverage.

Own occupation is the most comprehensive definition for total disability. It states that if you are unable to perform the important duties of your own occupation due to injury or sickness and are under the care of a physician, you will receive full disability benefits.

The cost of living adjustment (COLA) protects you from inflation while on a disability claim by ensuring that your benefit is adjusted annually to reflect changes in the consumer price index.

A future income option (FIO) allows you to increase your monthly disability benefit on the anniversary date of your policy with no medical required.

The conversion to long term care option which allows you to convert your disability insurance to long term care coverage. Long term care insurance provides you with up to $9,000 per month ($200/day) of lifetime coverage for care in your own home or in a facility and benefits are paid up to age 100.

For complete details on all policy features, please contact our office.

Disability insurance limits for medical specialists, first year physicians, fellows and residents

Medical specialists in their first year of practice up to $10,500 per month
Non-medical specialists in their first year of practice up to $ 7,500 per month
Fellows up to $ 8,500 per month
Residents up to $ 4,500 per month


disability insurancecritical illness chart

How much disability insurance are you eligible for?

The amount of disability insurance you can get is based on your net income. In cases where you are incorporated, we may look at your corporate income. Below is a chart illustrating your net income before tax and the amount of monthly disability insurance for which you may be eligible.

Income Disability Insurance per month
100,000 5,200
200,000 8,550
300,000 11,350
400,000 13,675
500,000 16,050
600,000 18,525
700,000 20,875
800,000 23,075
900,000 25,150
1,000,000 27,100

Limits may vary by company

Office Overhead Insurance

Office Overhead coverage is designed to pay your office expenses such as rent and staff salaries in the event of a disability. This policy covers total, residual and partial disability and can be designed for up to 24 months.


We work on behalf 19 Ontario Medical Associations and Hospitals where we negotiated a discount of up to 25% for insurance. We are not part of the OMA. We Save Physicians Money on their insurance.
Contact us at info@levinefinancialgroup.com or call 416-222-1311.