Everything You Need to Know About Disability Insurance in Calgary

 

Disability Insurance in Calgary Explained

Disability insurance in Calgary is a type of insurance that protects you and your family against unexpected medical expenses.

You may be able to get disability insurance as part of your life insurance, but it's also possible to get it separately. The two types of disability insurance are short-term and long-term.

Short-term disability insurance provides temporary financial assistance while you recuperate from an injury or illness. Long-term disability insurance provides income if you can't work due to an illness or injury.

Disability insurance is different from health insurance because it doesn't pay for pre-existing conditions, like cancer or high blood pressure. Disability coverage does not cover diagnostic tests or physical therapy or surgery for pre-existing conditions.

Disability insurance can be purchased as an individual policy or as part of a group plan.

Disability insurance is typically referred to as LTD (Long-Term Disability). It provides benefits to cover your income when you're unable to work due to an illness or injury. You may have LTD coverage through your employer if you receive a paycheck or salary and there's no other way for you to earn income.

If you're self-employed, this type of disability coverage is often called solo disability insurance because it pays benefits directly to you. If you have LTD coverage through your employer and want to add solo disability coverage, visit our Self-Employed section for more information about how to do so.

Contact Financial Advisor in Calgary for Health Insurance

Health insurance is one of the most important aspects of a person’s life. It is difficult to imagine an individual without health insurance coverage. A good health insurance plan will provide you with peace of mind and protect you from financial risks that can affect your daily activities and quality of life.

It is important to note that every person has different needs when it comes to choosing the right health insurance plan. Some people may want a high deductible while others may prefer lower premiums and more coverage. The type of coverage that you choose depends on your medical history and current medical situation.

If you are looking for a reliable financial advisor in Calgary, look no further than us at Contact Financial Advisors in Calgary. We have many years of experience helping clients choose the best health insurance plans for their needs. We pride ourselves on being able to give personalized attention to each client as we work together to find the perfect plan for them!

Types of Disability Insurance

There are three types of disability insurance:

Long-term disability (LTD) provides income protection if you're unable to work due to an accident or illness.

Short-term disability (STD) provides income protection if you are temporarily unable to work due to an accident or illness.

Disability income insurance (DII) provides coverage for the loss of future earnings due to a permanent or long-term condition that prevents you from performing your job. DII is typically purchased by individuals who are self-employed, but it can also be purchased by employers for their employees.