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Critical Illness and Disability Insurance Tips

  1. Cost of Care in Ontario and the need for Long-Term Care Insurance
    The cost of care in Ontario is has risen dramatically in recent years. Consult our table to learn more about costs of care in Ontario.

  2. Group Critical Illness Insurance
    This article deals with group critical illness insurance, a combination of critical illness insurance and group benefit policies. Find out how can it attract high quality employees, what is coverage portability and how can it help you save a lot of moneys on premiums.

  3. Long-Term Care - Basic Vocabulary and Definitions
    There may come a time in our later years when we may require assistance in our daily living. In this guide we’ll familiarize you with the basics of long-term care policies and the key vocabulary associated with them.

  4. What to look out for when buying critical illness insurance
    Did you know? Canadians are more likely to experience a critical illness than they are to die before the age of 75. So get the right insurance now while you're healthy.

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55 Responses to “Critical Illness and Disability Insurance Tips”

  1. I am looking for insurance for my 8yr old daughter,life and critial thanks for your reponse

    Merv Deinger thought on April 8th, 2008 8:43 pm

  2. I’m interested in dual “Critical Illness and Disability Insurance.

    Philip thought on May 15th, 2009 3:37 pm

  3. Hi Philip,

    Thanks for the note – I’m happy to help out and will send you a separate email shortly.

    Regards … Lorne

    lorne thought on May 16th, 2009 12:36 pm

  4. Hi, I’m looking to inquire about disability insurance for my husband; at this time he is being tested for West Nile . I have been researching West Nile and feel that disability insurance my be something to have in place because they really don’t have a treatment at this time . The testing for this takes a long time,some results have been positive and some have been negative.He already holds a Life insurance policy with great west life so you were my first stop. Please left me know what is needed. My husband is 52 years old and a non-smoker always has been, and still goes to work everyday. Thx Dale

    Dale Poremba thought on May 28th, 2009 9:00 am

  5. Hi Dale,

    Thanks for the note. It will be difficult to get your husband an injury and illness related disability policy while his West Nile tests are pending.

    He would qualify for an injury only plan.

    Regards … Lorne

    lorne thought on May 28th, 2009 3:12 pm

  6. I was wondering if somebody is on long term disability for some time will the amount of the benefit ever increase, due to they are unable to work and also inflation is this ever considered??

    EEl thought on June 15th, 2009 3:48 pm

  7. Thanks for the question. Most disability plans allow you to add a cost of living rider which increases your benefit in-line with inflation. If you would like a quote you can visit our on-line quote page http://lsminsurance.ca/application/ontario/disability.html

    Best Regards … Lorne

    lorne thought on June 15th, 2009 5:04 pm

  8. I am interested in income/disability insurance. My spouse to be has an illness that affects his vision. He is afraid he may lose his vision completely in the next ten years. What sort of insurance should we be looking for? Are there any road blocks that might prevent us from obtaining insurance at this point?

    Susan thought on July 20th, 2009 9:42 am

  9. Hi Susan,

    Thanks for the note. Most disability policies do have an exclusion for pre-existing conditions. I will send you a separate email and we can work on a quote.

    Best Regards … Lorne

    lorne thought on July 20th, 2009 4:08 pm

  10. Lorne,
    I am also looking for disability insurance for a pre-existing condition. Can you give me some advise

    Thanks
    Judy

    Judy thought on August 10th, 2009 4:20 pm

  11. Hi Judy,

    Thanks for the note. Unfortunately most carriers will not cover pre-existing conditions when applying for disability insurance. This is not a blanket statement so feel free to contact me at 1.866.899.4849.

    Regards …

    lorne thought on August 10th, 2009 6:56 pm

  12. Hi I am wondering if there is any coverage for a 55 year man diagnosed with kidney cancer.Looking only for something that would only cover funeral expenses

    Rhea thought on September 17th, 2009 12:49 pm

  13. Hi Rhea,

    Critical Illness insurance will be very difficult if the insured already has cancer. He may qualify for certain guaranteed issue life insurance plans.

    Regards … Lorne

    lorne thought on September 17th, 2009 5:58 pm

  14. Hi there,

    I am interested in getting critical illness and disability insurances together.

    I just recently did a complete physical and all is well! Kindly contact me So I can begin the process.

    I am in my early 30s.

    Many Thanks.

    Anna thought on October 25th, 2009 3:37 am

  15. Hi Anna,

    Thanks for the note. We’re happy to help – I’ll send you a separate email shortly. Regards … Lorne

    lorne thought on October 25th, 2009 10:19 am

  16. Hi Lorne,
    I’m healthy 49 years old and am interested in getting critical illness and disability insur. together, occup. as dental assistant
    Thanks

    Inge thought on October 29th, 2009 12:48 am

  17. Hi Inge,

    Thanks for the note. We would be happy to work out quotes there are many factors that go into to determining the premium. Canada Life has a combination discount for disability and critical illness – I will send you a separate email now. Regards … Lorne

    lorne thought on October 29th, 2009 8:52 am

  18. Hi,

    What is a certain guaranteed issue life insurance plan? This is an inquiry for a pre-existing illness (cancer).
    Thank you.

    Monica thought on December 27th, 2009 8:44 am

  19. Hi Monica,

    Guaranteed issue for life insurance or living benefits plans means there a no health questions and no medical tests.

    This differs from simplified issue which is no medical tests but a series of health questions.

    Simplified issue policies usually have higher face amounts and lower premiums than guaranteed issue policies.

    Regards … Lorne

    lorne thought on December 28th, 2009 1:09 pm

  20. I am interested in critical illness &/or disability insurance quotes and information.
    I have crohn’s, how would this affect the premiums/policy?
    Paula

    Paula thought on January 9th, 2010 6:19 pm

  21. Hi Paula,

    Thanks for the note. Crohns and colitis are often treated as a pre-existing conddition on a disability insurance application and a policy may be subject to pre-exiting condition exclusions. It would also likely impact a Critical Illness application but it would depend on your current status, medications etc. I just sent you a seperate email with more details. Regards …

    lorne thought on January 9th, 2010 7:59 pm

  22. I had a term policy with Transamerica Life. I changed addresses, but forgot all about the TA payment. I missed a whole six months before I realized the next bill was also missing. They have cancelled my policy. They say they will reinstate but it’s like a reapplication. Can they do this?

    Jane thought on January 11th, 2010 6:07 pm

  23. Thanks for the note. Unfortunately yes most companies have a 31 day grace period on overdue payments. After that many companies will allow reinstatement witha mini questionnaire up to 90 days.

    The reinstatement forms should still have slightly less questions than a regular application.

    Regards … Lorne

    lorne thought on January 11th, 2010 6:34 pm

  24. My 3 year old daughter was diagnosed with a condition in summer 2009. Her condition is not life-threatening and is very mild, causing only mild speech and developmental delays (approx. 6 month-1 year delays) and she does not have any other existing conditions. She was just denied life insurance based on the fact that whatever research performed turned up the worst case scenario.

    Are we able to file an appeal, and if so, what kind of insurance can we apply for for her that will increase her chance of being approved?

    Brandi thought on January 18th, 2010 9:24 pm

  25. Hi Brandi,

    Thanks for the note. You can always re-apply in the future or try with another company.

    The insurance company may be looking for a period of stability to make sure things are not getting worse.

    Regards … Lorne

    lorne thought on January 19th, 2010 10:52 am

  26. Hi,
    I am interested in income, critical illness &/or disability insurance quotes and information for me & my husband.
    I’m perfectly healthy but my husband is tested for multiple sclerosis (I’m 37 & my husband is 39 years old).
    Can you give us some advice?

    Thank you very much.

    Simona thought on March 27th, 2010 7:29 pm

  27. Thanks for the note. We are happy to help out. Canada Life has a combination disability and critical illness plan. We would also have some no medical solutions for your husband. Regards … Lorne

    lorne thought on March 28th, 2010 11:04 am

  28. I’m a healthy 46 year old male and I’m interested in getting the best rate & coverage on critical illness and disability insurance. I’m self-employed accountant. Thx, Thomas

    Thomas thought on March 31st, 2010 6:02 pm

  29. Thanks for the note. We are happy to help – I will send you an email now. Regards … Lorne

    lorne thought on March 31st, 2010 6:21 pm

  30. I am a 53 year old female working under contract, I am looking for some type if income insurance that will cover me if I am unable to work for any reason. I am healthy.

    Donna Vaughan thought on April 28th, 2010 8:59 am

  31. Thanks Donna we are happy to assist.

    Disability insurance will replace lost income in the event of a disability while Critical Illness insurance pays out a lump sum if you are diagnosed with a Critical Illness.

    LSM Insurance thought on April 28th, 2010 11:18 am

  32. Hello, I’m a healthy 60 year old single female, am interested in income insurance, and disability/critical illness insurance. I work full time in the mental health field as a Case Manager and plan on working until age 71. Thank you, Judith

    Judith thought on May 1st, 2010 8:17 pm

  33. Hi Judith,

    Thanks for the note.

    Most disability insurance plans ends at 65 but you can do a combination disability / critical illness plan – the critical illness portion can be maintained for life. We will send you a separate email now.

    LSM Insurance thought on May 2nd, 2010 11:35 am

  34. I am 58 male and want to reassess if I need Insurance since the rates are so high for my age group.
    Is there a good plan for me?

    al thought on September 5th, 2010 4:13 pm

  35. Thanks for the note -we’re happy to help. We will send you a separate email now.

    LSM Insurance thought on September 5th, 2010 8:55 pm

  36. I am currently facing a layoff and will lose my coverage. Can I purchase disability insurance? Iam a healthy 49 year old female.

    Donna thought on October 11th, 2010 9:14 pm

  37. Thanks for the note. It will be difficult to obtain traditional disability insurance if you are about to be laid off. Keep in mid it takes 6 to 8 weeks on average to have your application approved.

    Critical Illness or Long Term Care Insurance or a combination of the two may be a an option.

    LSM Insurance thought on October 12th, 2010 8:23 am

  38. I am retired and age 70. I do bookkeeping on a part time basis for a law firm and invoice them for my service. This gives me an additional $2,000 – $2,500 per month on top of my pension. Is it possible for me to obtain disability insurance to cover any portion of this extra income?

    Chuck thought on November 14th, 2010 10:50 am

  39. Thanks for the note Chuck. It will be difficult to obtain disability insurance at 70 but Critical Illness and Long Term care would be availble.

    We’ll send you a seprate email now. Regards,

    LSM Insurance thought on November 15th, 2010 9:47 am

  40. Do disability packages cover all illnesses or only ones they specify?

    April thought on February 4th, 2011 7:50 pm

  41. Thanks April – disability policies do not specify ceratin covered illnesses – but they include specific exclusions.

    In terms of qualifying for a disability claim it will be detrmined by the insured ability to meet the definition of disability within their contract.

    This article http://lsminsurance.ca/life-insurance-canada/2009/03/disability-insurance-comparing compares definitions of disabilities.

    LSM Insurance thought on February 4th, 2011 9:39 pm

  42. Short term disability insurance self employed. Office duties call center.
    Injury and ilness coverage inclusive for 5 years term at 90days waiting period from onset of disability diagnosis
    Please provide best rate for most trusted companies in disability insurance

    Joseph thought on February 23rd, 2011 10:48 pm

  43. Thanks Joseph. The premiums will depend on you age and smoking status. We will send you a separate email now.

    LSM Insurance thought on February 24th, 2011 9:23 am

  44. I’m interested in dual “Critical Illness and Disability Insurance.

    paola thought on February 27th, 2011 1:41 pm

  45. Thanks Paola. The premiums will depend on you age and smoking status and the type of plan.

    Other variables – Critical Illness coverage can have premiums level for 10 years, 20 years, to age 65 or 75 or age 100. Disability plans come with varying premium guarantees and defintions of disability.

    We will send you a separate email now to gather more details on what you are looking for.

    LSM Insurance thought on February 27th, 2011 3:16 pm

  46. Hi, I’m a healthy (non smoker, physically fit) 49 year old male and I’m interested in getting the best rate & coverage on critical illness and disability insurance.

    I’ve been self-employed for over a year as an IT professional.

    Thanks,

    Brian

    Brian thought on March 11th, 2011 4:01 pm

  47. Thanks Brian – the disability insurance quote will depend on your occupation, elimination period, benefit period and monthly indemnity.

    Critical illness plans can come with different Terms and with and without return of premium.

    LSM Insurance thought on March 11th, 2011 6:36 pm

  48. I am a 37 yr old male self employed sole proprietor in home renovations. I smoke and am otherwise healthy. I live and work in a small town. I want to get disability insurance in case I am unable to work at some time in the future.
    Payments could start after 6 months.

    Iain thought on May 16th, 2011 12:26 pm

  49. Thanks for the note Iain. The premiums will depend on the type of disability plan, monthly benefit, elimination period (the longer the lower the premium) and benefit period (the longer the higher the premium).

    LSM Insurance thought on May 16th, 2011 1:23 pm

  50. im looking for life and disability insurance for myself. I really don’t know where to start or what I need.

    tracy thought on July 17th, 2011 1:11 pm

  51. Hi Tracy,

    We are happy to help. The premiums will depend on the date of birth, smoking status and your coverage amount and plan type. I will send you an email now. Thanks, Lorne

    LSM Insurance thought on July 17th, 2011 1:31 pm

  52. Hello. I’d like some info on disability insurance that would cover a pre-existing health condition. The policy would be for my husband who is 32 and extremely healthy but has a condition which affects his vision and required a cornea transplant in one eye 1.5 years ago.

    Kelly thought on November 15th, 2011 11:47 am

  53. Hi Kelly,

    Thanks for the note – we will send you an email shortly.

    LSM Insurance thought on November 15th, 2011 12:34 pm

  54. Hi,
    I am interested in Critical Insurance, Short Term and Long Term disability insurance.
    Is there a tool that I can use to get quotes ?

    Francisco thought on December 8th, 2011 4:00 pm

  55. Thanks for the note. Unfortunately there are too many variables tinvolved to give an instant quote. Things like the Benefit Amount, Elimination Period, Benefit Period and Occupation all impact the premium. We will send you a separate email now.

    LSM Insurance thought on December 8th, 2011 5:04 pm

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