Financial Security
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Request a No Obligation ReviewDisability Insurance is probably the most underappreciated insurance available in Alberta or Canada. This is true since a working person is drastically more likely to be injured on the job that incurring loss of life. In fact, before the age of 65, Canadians have a 1 in 3 chance to be disabled for 90 days or longer. Further, if the disability lasts 90 days, it is most likely to affect you for 3 years or longer. Of course, many personal disability situations are beyond the average, and you may require life-long treatment and suffer an inability to be employed. In addition, disability could happen more than once. Do you have enough savings to cover the uncertainty, costs and loss of income? While we cannot know the future, we do know that disability could greatly impact the financial future of yourself and family.
Why You Need Disability Insurance
There are a number of reasons you need a strong Disability Insurance policy. Please consider the following limitations in our Alberta provincial employment system:
Worker’s Compensation only covers accidents that occur while on work property.
These work-related accidents are not certain as they can be appealed.
WCB payments if awarded are very low, and do not cover your income prior to accident.
If your company has Group coverage, it will only match a percentage of your income.
Unemployment Insurance only covers fifteen weeks. Your disability insurance spreads over much longer time.
Medical costs can add up significantly, and many are not covered by Alberta Health.
In contrast, Disability Insurance covers a wider range of circumstances, including when you are not at work. You can purchase insurance to cover a closer proximity to your pre-accident income level. A personal Disability Insurance policy will also spread over a much longer period. This all equates to helping you heal without financial worry.
Obtain Your Disability Insurance Quote
We will compare Disability Insurance providers available in Alberta, based on your personal situation. Click on the Insurance Button below to obtain a quote for Disability Insurance. You can also click here for a quote: Disability Insurance Quote.
