This is the period of time between which your claim is processed but you are not receiving benefits and it is used to ensure you quality for the benefits you are claiming. Depending on the policy, the time between your accident/sickness and the start of your benefits could be anywhere from 0-730 days. Ensure you have other income or savings to protect your finances during this time.
Our Publications related to Disability Insurance
Introduction There were many articles written about men paying more for car insurance than women, but what about other insurance types? Do women always benefit from lower insurance rates? We took on this question and systematically went through various life insurance, disability insurance, and critical illness insurance by consulting with professionals who had the answers. […]
The arrival of COVID-19 has pushed Canadians, more than ever before, online for finding and applying for insurance and banking products. It is not easy, though, to make the right choice without knowing if a particular insurer will be there when you need them the most. As the largest Canadian review platform with thousands of […]
Disability-related stats that are important to know Accidents are unavoidable. On top of dealing with pain and possible physical or mental limitations, a disability can also result in financial difficulties because your ability to earn an income may be impacted too. Here are some sobering statistics: According to Statistics Canada, 20% of Canadians aged […]
Disability Insurance (also known as a DI policy) is one of the lesser known insurance types. Many Canadians are knowledgeable about life insurance, but, in most cases, it is disability insurance that is more likely to be used. DI can be costly, so we collected all the known ways to save on disability insurance; our […]
Hundreds of websites on the Internet perpetuate insurance myths. In this article, we have summarized all the insurance myths we are aware of and catalogued them by type, starting with home insurance, followed by auto insurance, life Insurance etc. If interested, you can unlock another 20 additional insurance myths at the end of our article. […]