| "I don't believe anybody thinks about not
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| | disabled during their work career. Some
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| being able to meet expenses," said John
| |
| | disabilities last a lifetime.
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| Henry, a 38 year old office worker who
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| | Assess your finances: Work out how long
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| was unable to work for two months due to
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| | you can survive financially without
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| a back surgery. "I was in great health
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| | disability insurance.
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| before the operation."
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| | Call your broker: Sometimes you can
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| Henry spent two weeks in hospital and,
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| | purchase disability insurance at work.
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| unable to walk without assistance, had to
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| | The rate is cheaper but if you change
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| go to a rehabilitation hospital. Even
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| | jobs, you lose the coverage.
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| after all this care, he was unable to
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| | Have personal disability insurance
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| return to work.
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| | coverage: If you have personal disability
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| But He Had Disability Insurance
| |
| | insurance coverage, you can take it from
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| Fortunately, he had decided to buy
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| | job to job. And as a bonus, the payments
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| disability insurance a couple of years
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| | are tax free!
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| earlier. "I sent them a letter about my
| |
| | How To Choose Your Disability Insurance
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| disability and said I needed to make a
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| | Coverage
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| claim on my disability insurance policy."
| |
| | Talk to a broker who handles several
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| The reality is that Canadians have a one
| |
| | companies and compare their offerings.
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| in three chance of needing disability
| |
| | You are under no pressure to buy and the
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| insurance for at least 90 days, if not
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| | premiums may not differ that much, in
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| more, some time before they retire. You
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| | which case, you should choose the
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| need to plan like John Henry to avoid
| |
| | strongest company. You want your insurer
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| financial death.
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| | to still be in the business if you ever
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| Some Disability Insurance Tips:
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| | need to rely on your disability
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| Assess your risk: One in three can become
| |
| | insurance.
|
