Frequently Asked Questions FAQ about Disability Insucance

Disability insurance provides a source of income to people who are not able to work and earn because of an accident or illness. Several factors may be responsible for disability including mental health problems, fatal accidents, serious injuries or life-threatening illnesses.
Up to 40% of Canadians face disability for 90 days or more before the age of 65. While both the Canadian pension plan and Quebec pension plan offer disability coverage but there are significant limitations. That’s where disability insurance comes in. It will help you meet your financial responsibilities during the disability period.
Medical and health insurance will pay your hospital bills but will not cover income loss resulting from disability. That is where disability insurance plays a major role. It offers an income replacement so that you can pay for daily expenses including:
  • House rent
  • Groceries
  • Transportation costs
  • Child care expenses if you have young children
  • Children medical and educational expenses
  • Utility bills
  • Daily chores
Disability insurance is sold through a representative. They are experienced and knowledgeable to recommend the best product by analyzing your needs.
The expenses for your disability insurance will depend upon several; different factors including:
  • coverage needs
  • Job nature and status
  • Annual income
  • Gender
  • Health status
  • The monthly benefit amount that you will choose
  • Length of benefit
It is a very common practice to modify your disability policy during your life because your coverage amount is linked with your annual income and job status. However, to increase your insurance coverage you have to provide evidence of good physical and mental health.
Normally, you have to fill out a claim form and provide necessary documentation about your disability. Call us at +1-855-500-8999, we will send you the information and supporting documents to make a claim.
Depending on your income and nature of your job, your representative can find you solution of getting non-taxable monthly benefit of between $400 and $10,000. Besides, you can choose the range of your benefit period anywhere from few years till your retirement.