Living Benefits Insurance | Disability & Income Protection Plans

Canopyra Living Benefits

When life throws the unexpected your way — illness, injury, or the inability to work — having a living benefits plan in place can be the difference between financial resilience and financial risk. These plans are designed to support your income, recovery, and peace of mind when you’re unable to earn.

At Canopyra, our living benefits insurance solutions help you protect your financial future with confidence. We provide smart insurance planning that safeguards your lifestyle today — and supports long-term stability for tomorrow.

What Are Living Benefits?

Living benefits refer to insurance solutions that provide financial support while you’re still alive but facing serious health or income challenges. These include:

Disability Insurance – replaces a portion of your income if you’re unable to work due to illness or injury
Critical Illness Insurance – pays a lump sum upon diagnosis of a covered serious condition like cancer, stroke, or heart attack
Long-Term Care Planning – supports your financial needs if you require extended recovery or home care

Our goal is to protect your ability to earn and recover — helping you stay financially secure no matter what life brings.

Why Consider Living Benefits?

Our living benefits solutions are ideal for Canadians who want:

Income protection during unexpected health events or temporary disability
Financial security through insurance without draining savings
Custom insurance quotes based on lifestyle, career, and family needs
Women-focused financial planning for caregivers and sole providers
Peace of mind while managing long-term illness or recovery

Who Is It Best Suited For?

Working professionals who rely on steady income
Self-employed Canadians or small business owners with no employer benefits
Families needing continued financial stability during a health crisis
Caregivers and women balancing home, family, and income responsibilities
High-net-worth individuals seeking full-spectrum risk management strategies

How We Build Your Living Benefits Plan

Canopyra takes a personalized insurance approach to building your plan. We assess your income, financial obligations, existing benefits, and health profile to recommend affordable, flexible coverage.

We ensure your plan aligns with your financial goals, provides realistic protection, and is easy to update as your needs evolve.

Our advisors walk you through every option, so you fully understand your choices and feel empowered — not overwhelmed.

Part of a Broader Financial Protection Strategy

Living benefits are a critical part of a holistic insurance and wealth plan. They bridge the gap between traditional life insurance and day-to-day protection — ensuring your finances are secure even during illness or injury.

We help you combine living benefits with life insurance, critical illness, and On The Fly coverage to create a plan that’s as flexible as life itself.

Common Questions

How is living benefits insurance different from life insurance?
Living benefits provide coverage while you’re still alive — specifically during times of illness or income loss. Life insurance pays out after death.

What’s the difference between disability and critical illness coverage?
Disability insurance offers monthly income replacement; critical illness pays a one-time lump sum for recovery flexibility.

Can I get living benefits without a full health exam?
In many cases, yes. We work with top providers offering customized insurance plans with streamlined underwriting options.

Explore More Insurance Options

Living benefits are just one way we help future-proof your finances. Discover more with Canopyra:

Life Insurance – Long-term protection for your family and legacy
Critical Illness Insurance – Get financial support during serious diagnoses
On The Fly Insurance – Fast, reliable coverage when you need it most
Glossary & Tools – Understand your options and calculate your needs
Resources & Blog – Learn how insurance fits into a broader financial plan

Ready to Protect Your Income and Future?

Let’s build a living benefits plan that keeps your finances strong — no matter what life throws your way.

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