Accidents can happen at any time, and they can be costly. Medical expenses, lost wages, and other costs associated with an accident can add up quickly. If you’re not prepared, an accident can put a significant financial strain on you and your family.

That’s where accident insurance comes in. It’s a type of long-term disability insurance that replaces your income if you get an accidental injury. The monthly benefit can provide a financial safety net while you recover from the accident.

In this post, we’ll take a closer look at accident insurance, including what it is, how it works, and why you might need it.

Continue reading

Long-term disability insurance protects your income by paying a monthly benefit while you are unable to work due to an injury or illness. Although most self-employed individuals and small business owners buy private insurance, many employees are covered by group benefits through their workplace.

How does group long-term disability insurance work? And what should you be aware of if you have coverage through your workplace? Read on to find out if you are adequately covered by your group disability coverage and what to do if you are not.

Continue reading

Long-term disability insurance works when you can’t. If an accident or illness prevents you from working, disability insurance pays you an ongoing income to cover your monthly expenses.

Among the insurance companies in Canada to offer disability insurance is La Capitale Financial Security. How do its disability insurance products compare to the competition? Most importantly, should you buy disability insurance from La Capitale? Read on to find out.

Continue reading

Long-term disability insurance works when you can’t due to an injury or illness. It pays a monthly income while you are disabled, allowing you to focus on recovery without worrying about paying the bills. While many employees have coverage through their workplace benefits, self-employed and small business owners are not as fortunate.

Therefore, they need to obtain private disability insurance through an insurance company. The Edge Benefits Inc is one provider of disability coverage in Canada. But how do The Edge products stack up against offerings from other insurance companies? Should you get a policy from The Edge Benefits? Read on and find out.

Continue reading

Did you know that the average length of a disability over 90 days is 5.75 years? Could you cover your day-to-day expenses if you can’t work? That is unlikely unless you have disability insurance.

A long-term disability insurance policy works when you can’t. If an accident or sickness prevents you from working, disability insurance can provide a monthly benefit to help pay for your living expenses.

But with so many insurance companies, how do you know which policy is right for you? In this post, we review the disability insurance policies offered by Humania Assurance and tell you they stack up against the competition.

Continue reading

Did you know that almost half of bankruptcies and mortgage foreclosures are caused by disability? The stat underscores the importance of guarding your income from an interruption caused by an illness or injury.

With long-term disability insurance, the insurance company pays you a monthly benefit if an injury or illness prevents you from working, lessening the financial impact of a disability.

Among the insurance companies in Canada offering disability insurance is Desjardins Life Insurance. Should you buy a disability policy from it? Read on for our review of its products.

Continue reading

Did you know that one in two Canadians lives paycheque to paycheque? How can they meet their financial commitments if they suddenly lose their ability to earn an income due to a disability? Can they afford to pay their bills or keep their home?

That’s where long-term disability insurance helps. It works when you can’t by providing a monthly benefit to pay ongoing expenses. Best of all? The benefit is tax-free.

Several insurance companies offer long-term disability insurance, including iA Financial Group, also known as Industrial Alliance. How does iA disability insurance stack up against the competition? Read on to find out.

Continue reading

Did you know that one-in-three Canadians will become disabled for at least 90 days before reaching age 65? Although some disabilities only last a few months, many last for several years. How will you pay your bills if your income stops for a few years?

That’s where long-term disability insurance comes in. A disability policy provides valuable coverage to help you cope with the financial costs of an injury or illness. It pays a monthly benefit so you can continue making mortgage payments, saving for retirement, and keeping your household finances healthy.

One of the providers of long-term disability benefits is Manulife Insurance. What type of disability plans does it offer? How do its insurance policies stack up against the competition? This review tells you all you need to know about Manulife disability insurance.

Continue reading

What is your most valuable asset? Is it your home? How about your investment portfolio? In reality, neither is true. Your most valuable asset is your ability to earn an income. If you can’t work, you won’t be able to pay your mortgage or rent, buy groceries, pay your bills, or save for retirement.

That’s why you need long-term disability insurance coverage to protect your earning ability. Even if you become disabled due to an illness or injury, you would still receive a tax-free monthly income for as long as you cannot work.

Canada Life is the largest of the life insurance companies that offer individual disability plans. But how do its insurance policies compare to the competition? Read on to find out.

Continue reading

Long-term disability insurance ensures your financial security while you’re off work for a significant period of time. But did you know that many Canadian insurance companies offer long-term disability insurance? How do you know which one is right for you?

In this post, we take a deep dive into RBC disability insurance policies. We examine the variety of products and their advantages and drawbacks. In the end, you will know which disability benefit is right for you.

Continue reading