Disability Insurance:

News from 2012

In a Fight With an Insurance Company: What Are Your Options?

When you're in a dispute with an insurance company, what you do first should depend entirely on the type of claim you have. This could be a personal injury claim, a contractual claim, a long-term disability claim, or a property claim. They all lead back to the insurance contract, but there are different resolutions depending on the type of claim you have. Property Damage Probably the most common type of claim is property damage claims. "Your first line of resolution ispresenting the ...
Continue reading

Comparing the Four Types of Living Benefits Insurance

Living benefits are health-related insurance plans. Living benefit insurance is very different from life insurance because it pays out if the insured develops a type of injury or illness. Living benefit insurance policies generally come in four distinct types: Disability Insurance, Critical Illness Insurance, Long-term Care Insurance, and Health and Dental Insurance. For your benefit, we've provided a summary of each coverage category. 1. Disability Insurance:This living benefit ...
Continue reading

Disability Insurance for Doctors

According to the Canadian government, there are 111,843 doctors working across the country. General practitioners and family physicians make an average of $79 an hour while specialists take in about $117 an hour. In terms of disability insurance for doctors, there are many factors to consider. The following are three of the most important: 1. The Financial Strength and Reputability of the Insurance Company. Disability insurance is a promise to pay, so the insured wants to make sure that ...
Continue reading

Protecting You and Your Family If You Become Disabled

Stress-free disability insurance Photo Sarah May Scott Update: Oct. 2, 2015 When this post was originally published, BGS had ceilings on coverage levels, $500,000 for the Life Protection and $3,000 per month for the Disability Protection. They have since been able to get those coverage limits removed. So applicants can now purchase as much coverage as they qualify for based on their income for Disability Protection and outstanding mortgage loan amount for Life Protection. Bingham ...
Continue reading

How Does a Group Disability Insurance Offset Work?

Individuals who are looking at augmenting their individual disability insurance but who also have group disability insurance should be aware of how group offsets work. Group insurance offsets protect the insurance company from over-insuring individuals for disability insurance. If an individual has group disability insurance coverage, their individual disability insurance may be offset by their group coverage. (more…)
Continue reading