DISABILITY INSURANCE

A Disability Insurance is a very useful insurance type for those individuals who are specially abled. This insurance can ensure that the differently abled citizens get a full coverage of their expenses if and when a particular incident or condition hinders them from going to their routine work life.

 

Disability Insurance Edmonton

 

Our Onkar Insurance office is located in Edmonton, AB and we offer all sorts of disability insurance coverage.

Most of the people have an understanding that they would be well apt and able to pay up their medical expenses as and when such a situation appears. But, you will be actually surprised to know the following:

 

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65% of Individuals in Canada end up with unexpected and uncovered illnesses.

47% of these individuals do not have enough medical care insurances or savings to cover their expenditure.

 

How we can help?

Our Disability Insurance agreement offers you a month to month payment if you are to ever suffer from a sickness or condition that keeps you from work.

 

disability insurance quotes edmonton

 

Benefits of Disability Insurance

  • The Disability insurance makes sure that you do not have to break any savings, investments or long term insurances to pay for your needs.
  • Your family requirements and needs shall also be met hand in hand.
  • This month to month payment from the Insurance agency is inclusive of other expenses that you would cover in a normal month like the Monthly installments, Interests on loans, house rents, fees of your children's education and more.

Disability Insurance Agency in Canada

What is an Elimination Period?

An Elimination period is basically the amount of time that is spent starting from the onset of the disability until the Insurance company validates that from that moment on, the terms and agreements of the disability insurance shall hold true.

 

The Factors which affect the Elimination Period include:

  • Insurance premium amounts payed.
  • The urgency asserted by the individual.
  • Terms mentioned in the Disability Insurance Agreement.

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The Benefits Period in Disability Insurance

A benefit period is one which comes in the picture after the Elimination period. After the sickness, injury or disability of an individual stops them from commuting to work and getting a dependable source of income, the elimination period starts.
During the Benefits period, regular inspections are carried out by the agents to check on the individual's condition.
In case the Benefits period stretches to a larger duration than expected,  the Insurance agreement generally has a clause on this duration period. Once we reach that point, further monthly benefits are stopped and the arrangements are looked over once again.

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