family? Do you have enough money saved to cover three or four months worth of rent, ultilities, and credit card bills? What if you are unable to work for a whole nine months, or even a year? Would you still be able to foot the bill of your monthly cost of living then?

Disability is designed to replace a portion of your income should you become unable to work do to sickness or injury. Disability benefits have historcially covered approximately 45% to 65% of your gross income. Although this varies depending upon the carrier and the benefits that you are entitled to, as stipulated by your policy. Disability companies and the policies that they draw up in representation of the clients can be as different as night and day.

There are several options and terms to evaluate in an effort to settle on the most important factor of determining the carrier to purchase the disability coverage from. Take this seriously-you'll want to select a disability company that will be there when/if you need them. And be sure that each company give you a fresh earful on just what they define as "disabled."

Upon researching and finally settling on a disability carrier, ask for disability quotes of the various options available. Disability generally falls into one of two categories: short term disability and long tern disability. Short term disability is generally defined as an illness or injury that keeps you from work for up to six months. Long term disability is coverage for injury or illness related income loss that commences at one year of disability.

Here are a few questions to ask your disability carrier:

• Is the short term or long term?
• When does the disability coverage begin?
• What is the amount of the benefits?
• How long does the coverage lasts?
• How are claims paid?
• and Can the disability coverage been renewed once it has been used once already?

Disability protection will remove the inability of being ill and put the ability back into paying the bills. Look at it as to protect your way of life; the way of life you are accustom to.

Article Source: Articles Beyond Better

Disability InsuranceAssure all for your assurance services - Canada.

Here are some more insurance articles...