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Disability Insurance Calculator

See how much of your income can be replaced with insurance benefits if you become disabled and can no longer work.

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  • Calculate your benefit
  • Annual earned income is your gross pre-tax income, minus business expenses, for work you have performed. Do not include investment income or monetary gifts in your calculation.

  • The amount of disability insurance you may be eligible to receive is based on your current income. If you become disabled, you will receive a percentage of your income as a tax-free benefit.

  • Enter the monthly benefit you will receive from any existing disability insurance coverage, including individually owned policies, Provincial/ Territorial Medical Association coverage, and/ or any other plans.

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This calculation is for illustrative purposes only. For insurance-related questions and discussion about your individual circumstances, Speak with an Advisor.

What we can do for you
An MD Advisor can help ensure you have sufficient information when it comes to disability insurance, and work with provincial and territorial medical associations (PTMAs) to provide you with ready access to affordable coverage.
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Greg Alexander
Senior Financial Consultant
Ontario Region

The calculator rounds to the nearest dollar.

The information contained in the calculator and the results obtained are to be used solely for illustrative purposes ONLY. You are encouraged to contact your MD advisor for referral to an MD insurance specialist for a more in-depth discussion of your individual insurance needs.

The information presented here is not intended to offer foreign or domestic taxation, legal, accounting or similar professional advice, nor is it intended to replace the advice of independent tax, accounting or legal professionals. Incorporation guidance is limited to asset allocation and integrating corporate entities into financial plans and wealth strategies. Any tax-related information is applicable to Canadian residents only and is in accordance with current Canadian tax law including judicial and administrative interpretation. The information and strategies presented here may not be suitable for U.S. persons (citizens, residents or green card holders) or non-residents of Canada, or for situations involving such individuals. Employees of the MD Group of Companies are not authorized to make any determination of a client’s U.S. status or tax filing obligations, whether foreign or domestic. MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. MD Financial Management Inc. is owned by the Canadian Medical Association.