Disability Insurance Stats

I got an interesting marketing piece from Canada Life today, I just wanted to share some of their Disability Stats. I use a lot of Great West Life disability policies, which are essentially identical to Canada Life, as Canada Life was purchased by Great West Life a few years ago and their product lines were merged.

As you can see a huge proportion of claims are from Mental Disorders, primarily Depression/Anxiety. The other massive group is Musculo-Skeletal, which are usually injury related, mostly back injuries.

A few more examples of typical claims. 

Disability can effect people of all ages, in all occupations, for a large variety of reasons and for a number of years at a time. I think Disability Insurance is really important, and often gets overlooked.