how disability insurance canada works?
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It is very amazing and useful slide for people. They have received very huge information about how disability Insurance Canada works. More detail visit it. http://dfsinnewwest.com/TRANSCRIPT
© 2007 Pearson Education Canada 9-2
If you work in a sitting occupation and are young and healthy, insurance and especially disability insurance Vancouver is probably not at the top of your list of things to examine. Would you be capable to pay your bills should you be out of work for ninety days? Most people look at the chances of something happening to them and discount themselves as part of the statistics but at least 30 % of people 30-60 suffer a disability lasting 90 days.
© 2007 Pearson Education Canada 9-3
Best Disability Insurance Canada was created with the intention of replacing approximately 45-60% of your gross revenue tax free should you become ill enough that it stops you from working and earning a living in your occupation.
© 2007 Pearson Education Canada 9-4
Perfect Disability insurance Canada policies have a definition of complete disability written in the policy. You should understand this before you purchase. There are three basic types of policies.
© 2007 Pearson Education Canada 9-5
Not able to perform duties of your regular occupation." If you are not very disabled and you can do work in some other job you will still be considered completely disabled in your own occupation but you will not be penalized while on claim for working in another job.
© 2007 Pearson Education Canada 9-6
This is the very common definition in the industry now a day. "Not able to perform duties of your daily basis occupation, and are NOT engaged in any other job." In other words if you go back to work in some other volume you will be penalized during a claim.
© 2007 Pearson Education Canada 9-7
This is the normal definition for a policy written for a boss sponsored group.
© 2007 Pearson Education Canada 9-8
Phone# 604-553-0702Email: [email protected]: http://dfsinnewwest.ca/