As a professional, you have invested considerable time and money to make yourself a success. If you were suddenly disabled, how long could you sustain your current lifestyle? How could you save for your retirement? Disability insurance can assure that you have the money to continue your lifestyle without compromise.
By purchasing disability insurance, you are buying a monthly benefit, which will be paid to you, if you become disabled. The size of your benefit will depend on your level of income when you buy the plan.
You will receive the first monthly payment after the elimination period. The elimination period (usually 30, 60 or 90 days) is the time, either consecutively or cumulatively which must elapse for you to qualify for benefits. YOU decide how long your elimination period will be.
What is the definition of disability in the contract?
This is the most important point to consider. The strength of a disability contract is in its definition of disability. If you can work in any occupation, are you still going to receive a benefit? Can you work in another occupation and still receive benefits? If you can still work part time, is there a partial disability benefit provision?
Information Updates
How knowledgeable is your agent in the disability insurance marketplace?
There have been numerous changes in this area. Are you up to date?
How much do you qualify for?
- we have plans for employees and the self employed
- all sources of income are taken into consideration such as :
- T4 income
- Dividends
- Income splitting
- Bonuses
Flexibility
What are some of the core, built in benefits of your contract?
Has it been integrated with government and spousal benefits?
Are you getting the best value for your money?