Disability Insurance Mississauga provides a portion of income for working individuals who become ill or injured and are unable to work.
Disability insurance is another form of insurance, also called income protection insurance. Disability insurance provides some income replacement if you either become too ill or injured to work. It can be short or long term. Disability insurance mississauga helps by paying a portion of your paycheque using around 60% to 85% of your usual income
Coverage for short term benefits usually last between 6 and 26 weeks, but can last up to 52 weeks. It is used for accidents, sports injuries and minor health issues. Long-term disability coverage can last anywhere from 2 to 5 years, and continue until the age of 65. This type of insurance is often used for severe accidents, musculoskeletal problems and similar situations.
It is recommended to get Disability Insurance in Mississauga if you have to take care of a family, have bills to pay, monthly mortgage premium payments and other day-to-day expenses. It is one of the many available options in the insurance market to avoid any financial loss if you are too injured or sick to work.
Age: Disability insurance makes this a major factor in determining the cost. The younger you are, the less chance of you becoming disabled. This shows the sooner you apply for disability insurance, the less you pay.
Smoking:Smoking will usually cause you to pay higher premiums for disability insurance. By not smoking, you will get affordable premium rates and substantial health benefits.
Health and occupation: If you have a high-income desk job, compared to a manual labourer or skilled tradesmen, the cost of your disability insurance mississauga will be low. If you are healthy, have no critical illnesses, the cost will be low for you as well.
The simple answer is yes. There are many Canadians who are starting their own businesses. There is customized Disability Insurance policies for the self-employed. All you need are the required documents proving income. We will take care of everything else. Simply contact Rupinder Rai to answer any questions you may have.
Disability insurance may not be easy to think or talk about. No one wants to think about being sick or injured to the point of not being able to bring home an income. There are circumstances, however, when you may not be able to work short or long-term. Disability Insurance can protect you and your family from many financial hardships. Contact Rupinder Rai for further details.