The Return of Premium Rider is a popular feature in disability insurance policies that has gained significant traction in recent years. This rider allows policyholders to receive a refund of their premiums if they do not make any claims during the term of their policy. While this may seem like an attractive proposition, it is…
Are you tired of feeling lost and overwhelmed when it comes to insurance options? Do you wish there was a solution that could provide not only protection but also flexibility for your future? Look no further than the Future Purchase Option Rider. This innovative addition to life insurance policies offers peace of mind and the…
Filing a disability claim can be a complex and overwhelming process, but it is often necessary for those who are unable to work due to a physical or mental impairment. Understanding the steps involved in filing a disability claim can help ensure that your application is completed correctly and submitted on time. To file a…
When it comes to short-term disability coverage, the waiting period can be a source of confusion and frustration for many people. The waiting period refers to the amount of time an employee must wait before they are eligible to receive benefits after becoming disabled. This waiting period is a necessary part of the process, but…
When it comes to protecting oneself against the unexpected event of a disability, many people turn to disability insurance. However, there are two main types of disability insurance: individual and group. Both offer coverage for disabilities that prevent individuals from working, but they differ in terms of who provides and pays for the coverage. Individual…
Applying for disability insurance can be a stressful and confusing process, especially if you are not sure what to expect. Disability insurance is designed to protect individuals who are unable to work due to illness or injury, providing them with financial support during their recovery period. However, the application process can be long and complicated,…
Summary Individual disability insurance is designed to provide financial protection to individuals who are unable to work due to a disability. It offers a range of features, including benefit amount, waiting period, and benefit period. The benefit amount is the amount of money that the policyholder will receive each month if they become disabled, while…
You might wonder whether premiums for life insurance are tax-deductible when you file your taxes. Sorry, there is no one-word answer. The most useful 2-word answer is “Usually – No”. Are Life Insurance Premiums Tax-deductible? Canada’s Income Tax Act, (ITA) allows for the deduction of insurance premiums. However, this complicated maze of rules is applicable…
An individual can purchase disability insurance with a return of premium benefit that allows them to be protected from disability, as well as receiving a return of premium if the individual remains healthy. There are numerous disability insurance providers with provide return of premium such as; AXA Assurance, Canada Life and Manulife. They offer disability…
Please fill out the enclosed information to get a disability insurance quote. We will send out a quote based on the information you have provided. Disability insurance many variables that impact how it is paid out. That is why there is not an automatic online calculator for disability. We have specialized in disability insurance for…