Features
Main features
First $1,200 guaranteed for the first 36 months
No integration nor coordination for the first 36 months of a total disability.
Payment of monthly amount on the first day in the event of hospitalization or day surgery
The client is eligible to receive a monthly amount with no waiting period and as soon as the first day in the event of hospitalization or day surgery. Available for all waiting periods of 90 days or less.
Amount payable at death
5x the selected monthly insurance amount (if the client dies while receiving disability monthly amounts).
Disability income
Disability Income offers a monthly amount in case of total disability following an accident or an illness. This amount allows the insured to meet his financial obligations by paying a percentage of his personal income as a replacement income.
The calculation of this amount is adapted to the unique situation of an agricultural producer by taking into account the major investments that are needed in an agricultural business and allows farmers to add the amortization cost in the calculation of their insurable income.
Target market
To access the agricultural producer illustration within the illustration software, go in the “Occupation information” section. Then select the Income and current employment situation followed by “Agricultural Producer” (Agriculture).
You must have determined the occupation class of the client from the occupation list prior to this step. The agricultural producer must meet the following eligibility requirements:
- Be a recognized agricultural producer and own an agricultural business
- Hold at least 20% of the shares in the agricultural business
