Disability assurance covers you for an extended period of time. Should you be injured or take ill and as a result be unable to perform the duties of your employment, you will be covered under short term disability, then long term disability assurance will cover you. The coverage can be for a period ranging up to five years or until the disabled individual turns sixty five.
Long term disability assurance is often provided by your employer as part of your benefits package. If you purchase it on your own, the benefits are tax free.
Disability assurance on an individual basis makes great sense as if involved in an accident you are more likely to be disabled than die. Therefore it can be argued that it makes more sense to buy long term disability assurance than life assurance.
Disability assurance policies differ from one provider to the next. It is important that you do your research and find the disability assurance policy that best meets your needs with the assurance company that you trust the most. assurance companies, through an independent assurance broker, will gladly offer you disability assurance quotes free of charge. You can get quotes online now which is the easiest way as you are not being pushed by an agent.
It is important to purchase your assurance from a company that you trust, because you need the company to be there if you need them. When you get your quotes, be sure to ask questions about the company and the specifics of the policy. Disability assurance needs to be tailored to meet your needs and complement any existing assurance policies that you may already have. Again, be certain that you are buying the plan that meets your needs completely.
Probably the most important thing for you to do, is to read all the provisions of the policy before you buy it.
About the Author
Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online assurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca Web: http://www.hughestrustco.com