Income Continuation


Will a lengthy illness, injury, or health condition threaten your financial future?

Did you know...?

  • 7 in 10 Canadians would face serious financial hardship if they could not work for even 3 months

  • 1 in 3 Canadians will be off work for 3 months or longer due to illness or injury

  • When a person cannot return to work within 90 days, they would be off work for an average of 2.9 years in total

  • 2 in 5 families do not have an income replacement program at work

  • The government's Employment Insurance (EI) Sickness Benefit program only replaces a maximum of 55% of your income, to a maximum of 15 weeks

  • To qualify for the government's Canada Pension Plan (CPP) Disability program, your health condition must be "severe and prolonged" or likely to result in death

  • More than 1 in 4 workers are forced to retire due to health reasons

The Income Continuation program provides continuous, tax-free monthly funding that maintains your income and cashflow until you are able to return to work from an extended illness, injury, or health condition.

This program provides funding for:

  • Business owners

    • Incorporated or non-incorporated

  • Self-employed professionals

    • Such as healthcare practitioners, lawyers, accountants, engineers, and consultants

  • Self-employed sales associates

    • Such as realtors, mortgage advisors, and other commission-based sales representatives

  • Self-employed workers

    • Such as skilled trades contractors, mechanics, childcare workers, and free-lance workers

  • Salaried employees, executives, and professionals

    • Without a company employee benefits plan

    • Without an income replacement program in their employee benefits plan

    • Who are unhappy with the percentage of their income being replaced

    • Who are unhappy with the maximum dollar limit in their income replacement program

    • Who are unhappy with the short amount of time that they would receive income replacement benefits

    • Who are considering starting their own business

  • Students and new graduates

    • Without an established income, but who want to protect their future earning potential

  • Treatments and medications

  • Physical rehabilitation

  • Mental and emotional recovery

Built-In Additional Benefits for Select Programs

  • No Reduction Benefit: Your program funding is not reduced by any external benefits, including:

    • Workers Compensation Board (WCB) claims, such as WorkSafeBC income payments

    • Auto insurance claims, such as Insurance Corporation of British Columbia (ICBC) settlements

  • Senior Care Transition Planning Benefit: Gives you the right to convert your Income Continuation program into a Senior Care Subsidy program between the ages of 55 and 65, as long as you able to work, you are able to perform all the activities of daily living, and you have no symptoms of cognitive impairment.

Optional Benefits for Select Programs

  • Benefit Length: You can choose to receive funding for your income and cashflow for 2 years, 5 years, or until age 65.

  • Gradual Return to Work Benefit: If you can only work part-time due to your health condition, you will still receive 50% of your full funding for up to 12 months.

  • Extended Return to Work Benefit: If you can only work part-time due to your health condition, you will still receive 50% of your full funding for up to 24 months, and then 25% of your full funding up to age 65.

  • Loss of Earnings Return to Work Benefit: If you are earning less than 80% of your normal income due to your health condition, you will still receive up to 80% of your full funding, up to age 65.

  • Health Benefit: If you remain healthy throughout your program enrollment, you can choose to have 50% of your contributions paid back to you, every 8 years.




Petra always did things her way. That’s why, after six years as a rising star in a prestigious law firm, Petra decided she no longer wanted to work for someone else, and opened up her own private practice as an estate lawyer.


The early years were a struggle, as Petra now had to learn how to market her business and her services, expand her network of referral partners and connections, and continue to refine her expertise in estate law.


Five years later, Petra has a thriving business. In fact, Petra is so busy now that she is considering adding a junior associate to take on some of the workload. Now 37 years old, she could really see a successful future ahead of her.


But the months ahead would tell a different story. Petra began to feel as though she no longer had any energy, and she rarely had an appetite. Occasionally, she would also have sharp abdominal discomfort as well, but she thought this was all due to the stress of a 60-hour workweek and a poor diet.


However, the pain worsened. One evening, as Petra was driving home, she felt a wave of agony that forced her to pull over. After visiting a medical clinic, the doctor referred Petra to a gastroenterologist for further consultation. Several weeks and multiple tests later, she would learn she had a severe form of Crohn’s disease.


Although the disease would end Petra’s promising business, it would not end her income. Under the recommendation of a former colleague, Petra registered for an Income Continuation program when she left her former employer to start her new business. Under the program, Petra would receive just over 85% of her after-tax income, or $7,600/month on a tax-free basis until she is 65 years old, which is equivalent to over $2.5 million of lost earning potential. In the future, if Petra were able to resume work on a part-time basis, she would continue to receive partial funding from the program.

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Program contribution rates can vary and are subject to change. These rates are strictly for illustrative purposes.



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© 2019 by LivingWell Healthcare Funding Solutions