Disability
insurance for the long term
Author: Ivon
T. Hughes
Disability
insurance 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
insurance 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 insurance 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
insurance 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 insurance than life insurance.
Disability
insurance policies differ from one provider to the next. It is important
that you do your research and find the disability insurance policy that best
meets your needs with the insurance company that you trust the most. Insurance
companies, through an independent insurance broker, will gladly offer you
disability insurance 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 insurance 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 insurance needs to be tailored to meet your needs and complement
any existing insurance 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.
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Ivon T. Hughes, The Hughes Trustco Group Ltd.
Online Insurance Broker - Get a FREE Quote TODAY!
Tel: (514) 842-9001 Email: info@trustco.ca
Web: http://www.trustco.ca
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