Market Statistics

Just as we aim to stay current on trends concerning critical illness, workplace insurance policies and car part cost comparisons, we want to help keep you informed too. Check out the latest statistics.

Note: The statistics shown below have been developed by the identified sources. They are provided here for general information purposes only.

Workplace Insurance Statistics

Employer Group

Life Insurance

Short-Term
Disability

Long-Term
Disability

Short Term
Waiting Period

Long Term
Waiting Period

Teachers

2x - 3x Salary

100%

60 - 70%

0

3 - 6 mths

Nurses

1x Salary to $100,000

No coverage - 67%

50 - 75%

Varies

4 - 6 mths

Bank Employees

1x - 2x Salary

67 - 100%

67 - 70%

0

6 mths

City Workers

1x - 3x Salary

70 - 100%

67 - 70%

0 - 6 days

4 - 6 mths

Police

Varies

100%

75%

0

90 days

Firefighters

1x Salary to $100K

70%

70% for 2 years

15 wks

15 wks

Provincial Gov't
Professional Employees

1x - 3x Salary

70 - 75%

67 - 70%

0 - 6 days

4 - 6 mths

Provincial Gov't
Workers Unions

1x - 3x Salary

67 - 100%

67 - 70%

0

4 - 6 mths


Repair Statistics

Today’s vehicles have an amazing amount of technology in them. GPS, HUD, NAV, ESP, DVD, MP3, ABS etc. On average a vehicle under $40,000 has over 180 kms of wiring and between 8 and 12 on board computers. Repairs for these “computerized electrical components” are the new need.  Today’s manufacturer’s warranty covers these parts for 3 years when they work best, but they’re expensive to fix due to new equipment, training and tools associated with repairing them.


Part Cost Comparison

 

1991

1997

2003

2009

Engine

$2250

$2840

$6989

$8305

Transmission

$850

$1930

$4056

$4621

Air Conditioning

$520

$570

$1109

$1277

ABS Brakes

$640

$920

$1525

$2201

 Window

$170

$210

$462

$576

Starter

$300

$385

$500

$699


Appearance Protection Statistics

How much salt does Canada use on it's roadways each year?
5 million tons of road salt is annually used as a de-icer on Canada’s roadways. (Ref:  Environment Canada)

How many rust-prone areas can be counted on your vehicle?
On average there are over 2000 spot welds on your vehicles. Spot welds fastening metal to metal where no galvanizing exists because welding it has destroyed it. This means there are approximately 2000 predetermined rust prone areas on your vehicle. Although road salt is used to keep you safer while winter driving, exposing your unprotected vehicle to salty roads can cause major damage over time. Find out how to protect your vehicle!


Critical Illness Statistics

CANCER STATISTICS
(Source : Canadian Cancer Society, 2011)

  • 1 in 3 Canadians will be diagnosed with cancer in their lifetime
  • 1st leading cause of death in Canada
  • More than half of all people with cancer will survive
  • As of 2006, the most frequently diagnosed cancers are breast cancer in women and prostate cancer in men
  • Lung cancer accounts for over a quarter (27%) of all cancer deaths each year making it the leading cause of cancer death
  • On average, 3,340 Canadians will be diagnosed with cancer every week
  • 40% of women and 45% of men 

HEART & STROKE STATISTICS
(Source: Heart and Stroke Foundation, 2011)

  • 90% of Canadians have at least one risk factor for heart disease or stroke
  • Heart disease is the 2nd leading cause of death in Canada
  • While 85% of stroke victims will survive the initial event, only 10% will recover fully
  • Leading cause of hospitalization in Canada continues to be heart disease and stroke
  • Estimated 70,000 heart attacks occur each year in Canada; or one heart attack every 7 minutes
  • 1.3 million Canadians report having heart disease
  • After age 55, the risk of stroke doubles every 10 years
  • A stroke survivor has a 20% chance of having another stroke within 2 years
  • Stroke is the 3rd leading cause of death in Canada

SURVIVING A CRITICAL ILLNESS

  • 85% of Canadians survive their first stroke
  • 62% of Canadian cancer patients survive
  • 89% survival rate among new heart attack patients 

PARALYSIS
(Source: Canadian Paraplegic Society, 2011)

  • 900 new spinal cord injuries each year
  • 41% of new injuries are the result of motor vehicle collisions