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Canada life disability insurance is generally a tax-free monthly payment that will cover your expenses if disability hinders you from earning for a brief period or permanently. It is not that your disability has to be visible to the naked eye. Even if you are suffering from mental health problems and chronic health conditions not allowing you to work, you can have the benefits of this insurance coverage.
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Some Facts to Clear Your Confusion Regarding Canada Life Disability Insurance www.supervisa-insurance.com
Canada life disability insurance is generally a tax-free monthly payment that will cover your expenses if disability hinders you from earning for a brief period or permanently. It is not that your disability has to be visible to the naked eye. Even if you are suffering from mental health problems and chronic health conditions not allowing you to work, you can have the benefits of this insurance coverage.
The working nature of life disability insurance The reasons for having life disability insurance You may be wondering why you need to purchase such an insurance. It is not that there is a surety that you can work till the end of your life. There may be accidents, or you may suddenly develop mental health issues stopping you from going to work. So, then how will you run your family expenses? That is where this insurance comes into play.
We commonly see that before attaining the age of 65, 40% of Canadians have a disability for 90 days. You may be one of them. In such an instance, your monthly payment from the insurance will allow you to run your family expenses. It is possible to have 80 to 90 percent of the pay cheque you bring home during your regular days if you have life disability insurance. Even during your period of disability, you do not have to use money from your retirement savings if you have purchased Canada life disability insurance. So, you now understand how essential it is to have such insurance coverage. The cost of the policy
So, if you have decided to purchase Canada life disability insurance, contact Gurinder Chahal, the Insurance Specialist. Call him at (587) 707 – 7000 to book an appointment.