Critical Illness and Disability Insurance Tips

According to Canadian Worker’s compensation statistics, approximately one million people are injured on the job and thousands more become sick or diseased by their work. Then there are those who are taken from the workforce by non-work-related injuries.
 
Depending on the definition of disability chosen by the insured, they may receive payments to recover their lost income due to total or partial disability and whether they are unable to work at their primary occupation before the injury or whether they can work at another secondary occupation. Obviously, it’s more advantageous to receive payment regardless of whether you can still work at “any occupation.” This is the Gold Standard of disability policies.
 
Critical illness insurance on the other hand, offers a lump sum payment to those diagnosed with qualifying critical illnesses, such as cancer, heart disease, stroke, multiple sclerosis and ALS. This payment can be used for treatment, to replace your income, a family vacation or anything else the insured may like. An apt solution, given that the diagnosis of a critical illness can reduce a person’s income by at least $12,000.
 
The following are our best articles featuring critical illness and disability insurance:
 
 
 
  1. Group Critical Illness Insurance
    This article deals with group critical illness insurance, a combination of critical illness insurance and group benefit policies.

  2. 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.

  3. Long-Term Care - Basic Vocabulary and Definitions
    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
    Canadians are more likely to experience critical illness than to die before age 75. So get the right insurance now while you're healthy.

  5. Critical Illness Insurance - What The Experts Own
    For our third financial experts round up, we find out what kind of critical illness insurance they own.

avatar
tracy
tracy

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

Iain
Iain

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.

Brian
Brian

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

paola
paola

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

Joseph
Joseph

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

April
April

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

Chuck
Chuck

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?

Donna
Donna

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

al
al

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?

Judith
Judith

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

Donna Vaughan
Donna Vaughan

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.

Thomas
Thomas

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

Simona
Simona

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.

Brandi
Brandi

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?

Jane
Jane

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?

Paula
Paula

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

Monica
Monica

Hi,

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

Inge
Inge

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

Anna
Anna

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.

Rhea
Rhea

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

Judy
Judy

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

Thanks
Judy

Susan
Susan

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?

EEl
EEl

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??

Dale Poremba
Dale Poremba

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… Read more »

Philip
Philip

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

Merv Deinger
Merv Deinger

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