What are the Best Disability Insurance Contracts in Canada for Professionals? When selecting a disability insurance policy as a professional, it’s important to understand the key contract provisions that set the best policies apart. One of the most significant features is Non-Cancellable coverage, meaning that while you can cancel at any time without penalty, [...]
Understanding the Life Insurance Contestability Period: Why Transparency Matters When purchasing life insurance, most people assume that the policy will pay out promptly when they pass away, providing their loved ones with the financial protection they intended. While this is often true, there is an important clause to be aware of: the life insurance [...]
Why Was My Insurance Application Postponed or Rated? Understanding Why Life Insurance Applications Aren't Always a Simple Yes or No Life Insurance Applications should be straightforward—fill out the forms, complete a medical exam, and get approved, right? Not always. Many Canadians find themselves in a frustrating situation where their insurance application is either postponed [...]
Why Getting Insurance Before You Need It Is Critical Protecting Your Future with the Right Coverage Life is unpredictable. One day, you’re in perfect health, and the next, an unexpected diagnosis or injury could change everything. The hard truth? Health buys insurance, not money. By the time you need coverage, you may no longer [...]
Why Is It Important to Have Disability Insurance for Physicians? As a physician, your ability to practice medicine is more than just a career—it’s the foundation of your financial stability and a significant source of personal fulfillment. But what would happen if an illness or injury suddenly made it impossible for you to work? [...]
Why Dentists Need Business Overhead Protection As a dentist, your practice is more than just a source of income. It’s your livelihood, a workplace for your employees, and a service for your patients. But what happens if you're suddenly unable to work due to a disability? Covering rent, utilities, staff salaries, and other essential [...]
Wage Loss Replacement Plan: A Comprehensive Solution for High-Income Employees When it comes to protecting your team, especially your top executives, a standard group disability plan might not always be enough. This is where a Wage Loss Replacement Plan (WLRP) steps in. Think of it as an extra layer of financial protection, specifically designed [...]
10 Factors to Consider when Buying Disability Insurance What You Need to Know About Disability Insurance Buying disability insurance is an essential step to protect your financial future. In the event that an illness or injury prevents you from working, disability insurance provides a crucial income replacement. Understanding the different aspects of a disability [...]
How Much Should I Expect to Pay for My Disability Insurance? Why is an Individual Policy More Expensive than My Group LTD? Disability insurance is an essential component of financial planning, providing income protection in case you are unable to work due to illness or injury. Many people wonder, "How much should I expect [...]
Did you know that the EI Sickness Benefits payout recently increased from 15 weeks to 26 weeks? You may want to ask yourself how this recent change impacts your Group Disability Coverage. Ultimately, it’s up to the employer to decide how to proceed given the changes. What does EI Provide? 55% coverage to a [...]
