Long term disability insurance - Are you covered?

We realize that it's unpleasant to think about an injury or illness that could prevent you from working for an extended period of time. But, not purchasing long term disability insurance - especially if you're self-employed or not covered under a group plan - could leave you at risk for financial ruin.

Long term disability insurance coverage in Alberta and British Columbia

HDF Insurance is focused on providing personal and professional protection for clients throughout Alberta and British Columbia. We can help you design a long term disability insurance plan that will fit your budget, as well as your lifestyle. Consider the following:

• Long term disability insurance benefits are paid monthly, as wage replacement, when you are unable to work.
• Disability insurance plans define ?disability' or ?unable to work' in different ways. Ensure your plan provides the coverage you need.
• Long term disability insurance coverage carries a waiting period of 30 days to 2 years depending on how it's defined upon purchase. 90 days is most common.
• The longer the waiting period, the less expensive the rates.
• Premiums vary with occupational class.
• Long term care insurance is different than long term disability insurance. While long term disability insurance is restricted to income replacement, long term care insurance pays for extensive health care services.

Disability insurance plans to protect your future

While you may think you're more likely to become injured than sick, in Alberta and British Columbia, approximately 80% of long term disability claims are submitted on the basis of illness. Unfortunately, the odds are against us, but you can protect yourself with long term disability insurance. Our HDF disability insurance experts in Edmonton are looking forward to putting your protection plan in place!