Disability insurance can help protect you and your family from an unexpected illness or accident that leaves you unable to work and earn an income. Generally, disability insurance replaces between 60% and 85% of your regular income, up to a maximum amount, for a specified time if you cannot go back to work temporarily or are permanently disabled due to an injury or illness
Permanent refers to the nature of the disability. It does not mean that you’ll get benefits for the rest of your life. Many employers offer disability insurance. However, you can get your own disability insurance plan. If you’re self-employed, you can also get disability insurance that will cover many of your business expenses if you’re unable to work.
AS mentioned earlier, disability insurance is designed to replace a portion of your income if you become disabled and are unable to earn an income. A disability can result from a number of causes, including an injury, a serious illness or a mental health issue. And the duration of a disability can be either short- or long-term.
There are different kinds of disability insurance coverage, including individual insurance plans and group insurance plans, as well as government plans such as workers’ compensation and benefits provided under the Canada Pension Plan.
Because of the different kinds and sources of disability insurance, it’s important to talk to an insurance professional who can advise you on the coverage options that best meet your circumstances. Please call me at 647-407-5731 or email me at anita@www.test.atlinksinsurance.com and I will be happy to answer. There is no cost to this call and advice.
To get the most out of the meeting, take some time beforehand to think carefully about what you want to achieve. And because I will need additional information to help recommend the policy that’s right for you, get together some basic information about your income, assets and liabilities. This will help me handle all the paperwork for you. You’ll need to submit an application for a policy that will be evaluated by an insurance company. You may also be asked to undergo a physical exam or provide other medical or financial information.
Please call me and I will help you walk you through the entire process effortlessly.