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Course overview
Description
Disability insurance, although complex, is essential for your clients. This training activity covers public, group, and individual plans and offers methods for integrating them into financial analyses. You will also learn how to supplement public and group plans with individual products, taking into account quantitative, qualitative, and behavioral aspects, as well as recent changes in pricing.
This training activity, offered in French and English, consists of one hour of asynchronous preparatory work and a four-hour virtual class.
Activity recognition
- CSF: 5 PDUs in insurance of persons
- FP Canada: 5 Financial Planning CE
- OCRI-FC CEC: 5 Professional Development
- OCRI – OCRCVM: 5 Professional Development
 | Objectives |
At the end of this training session, you will be able to:
- Describe the main public disability insurance plans.
- Explain the main provisions of disability insurance contracts.
- Rigorously calculate the need for disability insurance for salaried employees and entrepreneurs.
- Calculate the need for disability insurance for “non-standard” or high net worth clients.
- Distinguish between the different types of disability insurance contracts.
- Determine the provisions that should be included in your client's coverage.
- Identify the relevant criteria for choosing the type of holding (personal or corporate).
 | Key competencies |
By taking this course, you will acquire key competencies in these areas of financial planning:
- Insurance and risk management
- Taxation
- Retirement
This course also helps develop the transversal comptency of global vision, since it involves analyzing complex situations and identifying optimizations and interrelationships between different areas of expertise, objectives and customer needs, thus offering integrated, customized solutions.
 | Who should attend |
This course is designed for professionals who want to better meet their obligations in terms of product knowledge, and who wish to advise their clients in a rigorous and objective manner.
Course program
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Module 1:
Overview of disability insurance
General characteristics of disability insurance: insured risk, benefits, waiting period, and compensation period.
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Module 2:
Public coverage
Compensation from the SAAQ, CNESST, Retraite Québec, and employment insurance.
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Module 3:
Group coverage
Definition of disability, taxation of benefits, disability insurance savings plans, disability insurance claims, disability insurance income replacement. Respective advantages and disadvantages. Calculating needs.
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Module 4:
Individual coverage
Waiting periods, indexation, benefit duration, future rights, types of contracts, different definitions of total disability.
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Module 5:
Pricing / Claims
Professional categories, financial pricing, health pricing. Impact of teleworking.
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Module 6:
Critical illness insurance
Risks covered, difficulties in understanding the limitations of the product, complexity of definitions, framework for premium refund options.
Summary
This course covers disability plans, group and individual coverage, analysis of financial needs in the event of disability, and the tax and behavioral impacts of selecting insurance contracts.
Trainer
Jean-Nagual Taillefer is president of Groupe Financier Praxis and a lecturer in the financial planning certificate program at HEC Montréal.
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