See Us for Disability Insurance in Vaughan and Woodbridge – Protect Your Future
Ken Maynard Insurance Brokers Ltd. is here to help you through a traumatic medical event and protect your future financial security with disability insurance in Vaughan and Woodbridge. Have you been diagnosed with a critical condition or suffered a serious injury that requires long-term treatment or hospitalization? Our critical illness insurance products generally pay a lump sum to the policyholders or pay your hospital directly to help you avoid out-of-pocket expenses and lengthy reimbursement processes.
Unlike lump-sum critical illness insurance, policyholders may decide where they will receive treatment among a pre-selected group of hospitals. We also offer critical illness insurance that gives you the option to receive treatment at highly specialized hospitals in other countries.
Contact us for more information. We would be happy to help you with all your needs related to disability insurance in Vaughan!
What Is Disability Insurance and How Can You Claim It?
True to its name, disability insurance is helpful in cases when you or someone you know is disabled and cannot work. It provides partial wage replacement when the individual becomes ill or disabled from work. You can choose from long and short-term disability insurances.
Some companies in Vaughan offer mandatory disability insurance for their employees, while others do not. You can count on Ken Maynard Insurance Brokers Ltd. for all your disability insurance needs. Getting disability insurance might seem difficult or complex, but it is not.
You can claim your disability insurance by:
How Much Does a Disability Insurance Costs?
Once you have decided to take disability insurance, its cost varies for each individual. The cost of your insurance is based on the coverage your disability offers. In addition, other factors like age, gender, and your health status play an integral role in determining the premium of your disability insurance.
You can consider Ken Maynard Insurance Brokers Ltd. for providing you with a suitable quote for your chosen insurance. We strive to make the selection procedure hassle-free and straightforward, as we are dedicated to offering 100% customer satisfaction. Our team of professional disability insurance brokers can help you make an informed decision.
Call us to schedule a meeting with us today.
How to Choose Critical Illness and Disability Insurance
Typical critical illness insurance refers to policies where the insurer pays the policyholder a pre-determined lump sum cash payment if the policyholder is diagnosed with any of the critical illnesses listed in their policy. These include conditions that carry high medical costs such as cancer, cardiovascular problems, and conditions requiring organ transplants. You can also choose direct payments to your health care providers to cover your medical bills, with a set maximum amount allowed per episode of treatment.
While critical illness insurance covers medical expenses, disability insurance helps you cover other expenses while you cannot work because of illness or injury. What if you don’t qualify for the Canada Disability Savings Grant or Bond programs, or perhaps you want a supplement? Ken Maynard Insurance Brokers Ltd. can help you choose the right disability insurance at our Vaughan and Woodbridge insurance office to cover your financial needs.
Covering Your Needs with Disability Insurance
Since our insurance brokers work with a variety of companies, we can find a plan that is designed to fit your situation when you need to replace your income after a debilitating accident or catastrophic illness. If you purchase your own disability insurance, you may keep the coverage if you change jobs. Just consult with your insurance broker to ensure that your particular policy covers risks in your new work environment. Also, unlike with employer-provided disability insurance, you have more plan options in buying your own. We encourage you to come in and let us build your personalized coverage, including:
Comprehensive disability insurance
Monthly indemnity with no required medical exam
Disability insurance for high-risk occupations
Disability insurance with long-term care coverage
Disability insurance with mortgage plans
Your Medical Conditions and Disability Insurance
Since the average worker has a 30% chance of being disabled in their lifetime, insurance to cover unexpected medical expenses and a sudden loss of income is vitally important. Short-term disability insurance will cover such events such as the birth of a child, a temporary disabling injury, or a lengthy illness. It is also wise to have long-term disability insurance that cover extended or permanent conditions, including:
Mental illness, neurological conditions or traumatic brain injuries
Heart conditions, heart attacks or coronary-artery diseases
Muscle, bone, joint or spine injuries and conditions
Immune and connective tissue disorders – rheumatoid arthritis or osteoarthritis
Cancer and chronic diseases