Broker Advantage Inc. is a full service Managing
General Agency specializing in the introduction of a broad
range of insurance and financial related products & services.
Our particular strengths are focused on Health and Medical
plans, Travel Insurance, Visitor To Canada and all Living
Benefits such as Long Term Care Insurance, Critical Illness
Insurance and Disability Insurance.
We take pride in being able to seek out solutions to very
difficult problems.
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DISABILITY INSURANCE INFORMATION |
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Most employers offer some kind of disability insurance, but you
should find out exactly what your employer offers before you have to
file a claim. Some allow some short-term sick leave, which might
last from a few days to as much as six months.
Check with your benefits department to see if you are covered and if
so, how long you must wait before benefits begin and how long
payments will last while you are still disabled. Also, ask if your
employer’s disability plan takes other disability programs, such as
Employment Insurance or CPP Benefits, into account when calculating
your disability pay.
No laws require employers to offer long-term disability (LTD)
coverage, but about half of large and mid-sized employers offer it
to their workers. Typical group long-term disability benefits
replace about 60 percent of the worker’s usual salary. These
benefits usually start when short-term benefits are exhausted and
continue from five years to age 65. Often, group long-term
disability insurance is fully paid for by employers, with no
contribution expected from employees. When you receive employer-paid
disability income, you must pay income tax on the benefits.
How can I save
money?
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